Ripple Labs settles with SEC, to pay reduced $50 million fine

From Yahoo Finance: 2025-03-25 15:57:00

Ripple Labs settles SEC lawsuit over unregistered securities, to pay $50 million fine, down from $125 million. The accord would end a high-profile case as SEC eases crypto oversight. SEC to keep $50 million in escrow, awaiting approval. No admission of wrongdoing. Ripple ends appeal over XRP token as not a security. XRP ranks fourth in market value. SEC drops civil suits against Coinbase and Kraken. Civil fraud case against Justin Sun may be resolved. Trump nominee Paul Atkins, supportive of crypto industry, set for SEC chair confirmation hearing. (Reuters)



Read more at Yahoo Finance: Ripple Labs says it settles with US SEC, will pay reduced $50 million fine