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Is The Ripple vs. SEC Lawsuit Indeed Over After This Development?

  • The SEC and Ripple have reached an agreement to drop the appeal in their lawsuit without conditions.
  • Ripple will drop its cross-appeal, and the SEC will keep $50 million of the $125 million fine, with the remaining $75 million to be returned to Ripple.
  • The amount is already in an interest-bearing escrow account in cash.
  • Ripple's Chief Legal Officer believes this marks the end of the lawsuit.

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