Ripple and SEC Settle Lawsuit: $125 Million Escrow Released

In a significant development, Ripple has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to release $125 million held in escrow for settlement costs. The agreement allocates $50 million to the SEC as a civil penalty against Ripple, while the remaining $75 million will be returned to Ripple, pending court approval. This resolution aims to resolve legal battles and save resources by avoiding further appeals.