SEC settles legal battle with Ripple for $450 million, ending lawsuit that began in 2020.

From Investing.com

March 19, 2025 10:16:30 AM:

The U.S. Securities and Exchange Commission (SEC) has settled its legal battle with cryptocurrency company Ripple Labs. Ripple will pay a $450 million settlement to resolve allegations that it conducted an unregistered securities offering. This settlement marks the end of a lawsuit that began in December 2020. Ripple’s XRP token surged nearly 20% following the news.

Read more at Investing.com: SEC ends legal battle with Ripple