Ripple Case Closes: $50 Million Fine and End of Long Legal Battle

After a lengthy legal battle with the SEC dating back to December 2020, Ripple has reached an agreement to settle their case. The company will pay a reduced fine of $50 million out of the initial $125 million imposed by the SEC. Ripple’s remaining balance will be refunded. The SEC also plans to request the court to lift the injunction previously placed on Ripple. This marks the official closure of one of the most significant regulatory battles in cryptocurrency history.