Ripple has reached a settlement with the SEC, reducing the fine to $50 million from the initial $125 million.
The resolution of the case marks an end to a legal battle that started in 2020 when the SEC filed a lawsuit against Ripple for conducting an unregistered securities offering.
Ripple's legal victory brings clarity for XRP and will likely allow the company to move forward.
The settlement is seen as a positive outcome for Ripple, as it avoids the ongoing injunction that could have impacted its operations.