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XRP vs SEC Lawsuit Ends: Ripple’s Cross Appeal, Reduced Fine and More Revealed

  • The U.S. Securities and Exchange Commission (SEC) has dropped its appeal against Ripple, aligning with recent actions in other cases involving Coinbase and Kraken.
  • Ripple still faces a pending cross appeal and the unresolved $125 million fine, but this move could potentially open the door for negotiations and a potential reduction in the fine.
  • Attorney Fred Rispoli acknowledged that Ripple is likely working on a cross appeal to reduce or eliminate the $125 million fine, and there is a possibility that the fine could be significantly reduced to around $10 to $12 million.
  • Rispoli suggests that in exchange for Ripple's cross appeal, the SEC may agree to a reduction in the fine or other concessions, allowing Ripple to move forward without further regulatory restrictions.

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