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Ripple and SEC Move Closer to Settlement
- Ripple and the SEC have agreed in principle to settle the legal dispute over the sales of XRP tokens.
- The motion proposes an 'abeyance' period to conserve resources for further negotiations.
- The case centers around the classification of XRP as a security, with Ripple arguing against it.
- A final ruling from the district court is pending, awaiting SEC approval of the settlement.
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