Well, who would have thought it? Ripple and the SEC, two entities that have been locked in a legal tango more complicated than a ballroom dance competition, have finally decided to call it quits. In a move that could only be described as a financial version of a pre-nup, they’ve jointly asked a Manhattan court to lift the injunction in their case and divvy up the $125 million civil penalty that’s been sitting in escrow like a forgotten wedding gift. 🎁
Under this oh-so-generous proposal, the SEC will walk away with a cool $50 million, which is probably just enough to buy a few more lattes for the office, while Ripple gets to reclaim the remaining $75 million. It’s like splitting a pizza, but with a lot more paperwork and a bit less cheese. 🍕
This joint motion is part of a broader effort to resolve the long-standing legal dispute, drop all pending appeals, and avoid further court proceedings. It’s a bit like when you and your neighbor agree to stop arguing over the fence line and just let the dogs play in peace. 🐾
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2025-06-13 09:56