Ripple Reaches $50 Million Settlement With SEC, Ending Legal Dispute

After a lengthy legal battle, Ripple Labs has reached a settlement with the U.S. Securities and Exchange Commission (SEC) for $50 million, ending their dispute regarding XRP sales. The agreement addresses the SEC’s claim that Ripple’s $1.3 billion in XRP sales violated securities laws, resulting in a reduced penalty compared to earlier demands. 🔒 Ripple will pay a $50 million settlement and receive $75 million released from escrow as part of the agreement. This marks a significant milestone for crypto regulation.