SEC and Ripple End Legal Battle, Clearing Path for XRP
Share:
Predictions Markets
See what traders are focused on
The post SEC and Ripple End Legal Battle, Clearing Path for XRP appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially ended their nearly five-year legal dispute by jointly dismissing all remaining appeals in the XRP case. The 2023 court ruling stands: XRP sold on public exchanges is not a security, though some institutional sales were classified differently. Ripple agreed to pay a $50 million penalty, far less than initially proposed. The resolution has boosted XRP’s price and eased regulatory uncertainty, signaling a new chapter for the cryptocurrency and its adoption. Both parties will bear their own legal costs.
Predictions Markets
See what traders are focused on
Share:
Predictions Markets
See what traders are focused on
Share: