Ripple Reaches $50 Million Settlement with SEC, Ending XRP Lawsuit

In a significant development for the cryptocurrency industry, Ripple Labs has settled its long-standing legal battle with the Securities and Exchange Commission (SEC). The settlement, worth $50 million, brings an end to the contentious XRP lawsuit that began in 2020. Ripple’s CEO, Bradley Garlinghouse, welcomed the outcome, noting it marks a positive step for the crypto industry. 💰