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Sujit Kumar
a day ago
by Sujit Kumar

Ripple-SEC Lawsuit Nears Settlement Amid $125M Fine Dispute

Ripple-SEC Lawsuit
The prolonged legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may finally be nearing its end. The case, which began in 2020, centers around the SEC’s claim that XRP was sold as an unregistered security.

According to Fox News, settlement talks are underway, with Ripple reportedly seeking improved terms following a recent district court ruling. The court had imposed a $125 million penalty and issued a permanent injunction preventing Ripple from selling XRP to institutional investors.

Private Settlement Could Conclude the Case Swiftly

Legal expert Jeremy Hogan stated that a private settlement could conclude the case without returning to trial. If successful, this agreement could be finalized within days, offering much-needed regulatory clarity and opening doors for institutional adoption of XRP.

However, Hogan also noted that such a settlement would require both parties to dismiss appeals and avoid taking the agreement back to court. "The only way the case could 'be over' soon is if Ripple and the SEC reach a private settlement agreement..."

Former SEC Lawyer Responds

Contradicting Hogan’s view, former SEC attorney Marc Fagel clarified that all settlements with the SEC must be public and court-reviewed. He emphasized that transparency and legal oversight are mandatory in such cases.

As negotiations continue, the crypto community watches closely. A settlement could reshape XRP’s regulatory status and impact the broader digital asset landscape significantly.

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Ripple-SEC Lawsuit
Ripple-SEC Lawsuit Nears Settlement Amid $125M Fine Dispute
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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