menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Ripple News

>

Ripple Acc...
source image

Bitcoinist

6d

read

335

img
dot

Image Credit: Bitcoinist

Ripple Accepts SEC Settlement, Reduces Original Fine By Over Half To $50 Million

  • 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.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app