Ripple Closes In On Legal Resolution With SEC, Will Recover $75 Million From Original Fine

Ripple Labs appears poised to conclude its lengthy courtroom standoff with the U.S. Securities and Exchange Commission with a proposed settlement returning $75 million of a previously imposed $125 million penalty.
In an update shared Tuesday on X (formerly Twitter), Ripple’s Chief Legal Officer Stuart Alderoty announced the SEC agreed to retain only $50 million of the fine and return the remainder.
The proposal is still pending formal approval by both SEC commissioners and the court.
This development follows the SEC’s recent decision to abandon its appeal of a 2023 ruling …Full story available on Benzinga.com

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