Ripple and SEC Settle: A $50 Million Deal

The post Ripple and SEC Settle: A $50 Million Deal appeared first on Coinpedia Fintech News

Ripple Labs has settled with the U.S. Securities and Exchange Commission (SEC) over their ongoing lawsuit. As part of the agreement, Ripple will pay a reduced fine of $50 million and drop its cross-appeal. Additionally, the SEC will return $75 million of the original $125 million fine. The SEC is now set to request the lifting of the injunction on Ripple, marking a significant step forward in resolving the case.

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