Ripple Settlement Agreement Filed by SEC

By: bitcoin ethereum news|2025/05/09 22:30:09
0
Share
copy
In a new letter to Analisa Torres, a United States District Court Judge for the Southern District of New York (SDNY), the U.S. Securities and Exchange Commission (SEC) has confirmed that it has reached a settlement agreement with enterprise blockchain company Ripple. The aforementioned letter has requested an indicative ruling from Judge Torres. The Second Circuit previously paused the appeal to allow the parties to finalize the settlement process. The district court would be able to formally approve the settlement once the case gets remanded, meaning that the Second Circuit would send it back to the district court. Ripple and the SEC will be able to voluntarily drop their appeals after this. You Might Also Like The letter confirms that Ripple’s penalty has been reduced to a mere $50 million from $125 million. The remaining sum would be returned to the company. The injunction that was imposed by Judge Torres as part of the final judgment last August will also have to be lifted. The district would have to signal whether it would be willing to dissolve the injunction and change the penalty if the jurisdiction were to be moved from the Court of Appeals. The parties have also agreed not to seek modification of Judge Torres’s summary judgment order dating back to July 2023. The order states that programmatic XRP sales were not securities. However, Judge Torres ruled that Ripple violated the securities laws with its institutional XRP sales. XRP is up by 7.2% over the past 24 hours, according to CoinGecko data. Source: https://u.today/breaking-ripple-settlement-agreement-filed-by-sec

-- Price

--

You may also like

Strategy Founder: The Next 10 Years of Bitcoin

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com