SEC and Ripple Reach Preliminary Deal: XRP Market Clarity Awaits

The SEC and Ripple have reached a preliminary settlement, pausing all legal proceedings. As part of this agreement, Ripple will pay a reduced fine of $50 million, down from the original $125 million. The SEC has also agreed to rescind its injunction on future XRP sales by Ripple, clearing up legal uncertainties surrounding the cryptocurrency. Pending review and approval by the SEC committee, this settlement could provide much-needed clarity to the XRP market.