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XRP News: Ripple Reaches $50M Settlement with SEC—$75M Returned If Injunction Lifted

  • Ripple reached a settlement with the SEC, reducing the penalty from $125 million to $50 million.
  • A SEC Commissioner criticized the settlement, stating it undermines the court’s role in interpreting securities laws.
  • The settlement marks the end of the legal battle between the SEC and Ripple over the sale of XRP without proper registration.
  • XRP price surged by 6.7% following the news, with predictions suggesting a potential new all-time-high price of $27.

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