Ripple Agrees to $50M Settlement, Case Closing Soon

by

RIPPLE‘S SECRET WEAPON: THE $50M SETTLEMENT

Ripple Agrees to $50M Settlement, Case Closing Soon

Story Highlights

  • Ripple settles SEC case, agrees to pay $50m fine.
  • SEC drops appeal, requests court to remove Ripple injunction.
  • Final SEC vote needed to officially close Ripple case.
  • XRP remains at $2.43 despite Ripple’s legal victory.

Ripple’s been actin’ mighty smart, settlin’ the SEC case for a cool $50 million. That’s a mighty fine price to pay for gettin’ outta the courtroom, if you ask me! The SEC’s dropped its appeal, and they’re askin’ the court to remove the injunction. Now, all they need is a final vote from the SEC to wrap up the whole shebang.

Fox reporter Eleanor Terrett broke the news on X, and boy, did she have some juicy tidbits! Ripple’s decided to end its appeal process and cough up the $50 million. The SEC’s plannin’ to remove the injunction, and once all the legal steps are done, the case will be history!

Final SEC Vote Needed to Conclude Ripple Case

Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the news on X. He said the SEC accepted the deal without any strings attached, and Ripple withdrew its counter-appeal as part of the agreement. The $50 million in interest-bearing escrow will stay with the SEC, but any excess funds will be returned to Ripple. The SEC’s askin’ the court to remove the injunction, and a final vote from the SEC is all that’s needed to close the case.

XRP’s still holdin’ steady at $2.43, despite Ripple’s big win. It’s like the market’s sayin’, “Hey, we’re not impressed by your fancy lawsuit, Ripple!” XRP’s still the 4th-largest cryptocurrency, followin’ Bitcoin, Ethereum, and Tether. But hey, at least it’s still in the game, right?

XRP Stays at $2.43 Despite Ripple Legal Victory

The SEC’s been busy dismissin’ crypto-related lawsuits since Donald Trump took office. They dropped suits against Coinbase and Kraken, and they’re even workin’ on a civil fraud case against Chinese entrepreneur Justin Sun. The new SEC chairman, Paul Atkins, is a lawyer who defends crypto businesses. He’s makin’ moves to change crypto law, but we’ll see how that plays out.

Ripple won the battle, but XRP’s still stuck at $2.43. The market’s been a bit sluggish, but XRP’s showin’ some promise near the $2.45 level. Its trading volume’s gone up by 16% to $3.04 billion. Now, that’s what I call momentum! But will XRP’s price move up or down? Only time will tell, folks!

Read More

2025-03-26 19:30