by: xpoolPosted on:

Ripple and SEC Aim to Resolve $125M Penalty Dispute, Ending Years-Long Legal Battle

In a significant development in the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), both parties have jointly requested the Manhattan District Court to dissolve an injunction against Ripple and release a $125 million civil penalty that has been held in escrow. This move comes as they seek to conclude this nearly five-year-long legal battle, which has significantly impacted the cryptocurrency industry’s regulatory landscape.

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