Ripple to Settle SEC Fine in Cash, Not XRP, Former SEC Official Confirms
- Ripple will pay SEC fine in cash, not XRP, ending related market rumors.
- XRP price rose 7% after legal clarity; government seizure claims dismissed.
- Judge Torres’ ruling on settlement motion will likely speed case resolution.
Former U.S. Securities and Exchange Commission (SEC) official Marc Fagel has confirmed that the settlement payment from Ripple Labs to the agency is secured in cash and will not be paid using XRP tokens. The clarification refutes widespread social media rumors that the fine would be settled with XRP, a scenario that had raised concerns about potential market impact.
Fagel stated that the payment is held within an escrow account, eliminating any risk of XRP token transfers as part of the settlement. The news brought some clarity to the market, with the price of XRP rising 7%.
Experts Refute Broader Lawsuit Rumors
The misinformation surrounding Ripple’s payment method sparked concerns that the SEC fine could be paid in XRP tokens. Such a scenario raised questions about possible market impacts and regulatory outco…
The post Ripple to Settle SEC Fine in Cash, Not XRP, Former SEC Official Confirms appeared first on Coin Edition.
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Ripple to Settle SEC Fine in Cash, Not XRP, Former SEC Official Confirms
- Ripple will pay SEC fine in cash, not XRP, ending related market rumors.
- XRP price rose 7% after legal clarity; government seizure claims dismissed.
- Judge Torres’ ruling on settlement motion will likely speed case resolution.
Former U.S. Securities and Exchange Commission (SEC) official Marc Fagel has confirmed that the settlement payment from Ripple Labs to the agency is secured in cash and will not be paid using XRP tokens. The clarification refutes widespread social media rumors that the fine would be settled with XRP, a scenario that had raised concerns about potential market impact.
Fagel stated that the payment is held within an escrow account, eliminating any risk of XRP token transfers as part of the settlement. The news brought some clarity to the market, with the price of XRP rising 7%.
Experts Refute Broader Lawsuit Rumors
The misinformation surrounding Ripple’s payment method sparked concerns that the SEC fine could be paid in XRP tokens. Such a scenario raised questions about possible market impacts and regulatory outco…
The post Ripple to Settle SEC Fine in Cash, Not XRP, Former SEC Official Confirms appeared first on Coin Edition.
Read More
Ripple Lawsuit Resolution Could Be Weeks Away, Expert Says, Countering ‘2026 Delay’ Theory