XRP News: Ripple Reaches $50M Settlement with SEC—$75M Returned If Injunction Lifted
The US Securities and Exchange Commission (SEC) has reached a settlement with Ripple, reducing its earlier penalty from $125 million to $50 million. A SEC Commissioner has expressed her dissatisfaction with the development, claiming that this undermines the court’s position in interpreting securities laws. The long-standing legal battle between the US Securities and Exchange Commission