Ripple and SEC Reach Settlement Deal, Ripple to Pay $50M

The motion seeks an indicative ruling to end the court’s injunction against Ripple and release $125 million in funds currently held in escrow for civil penalties.

Under the terms of the agreement, Ripple will pay $50 million to the SEC, while the remaining $75 million will be returned to the company.

This move marks a potential end to one of the most high-profile legal battles in the cryptocurrency space, following years of litigation over whether Ripple’s XRP token constituted an unregistered security.

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