In a notable development for the cryptocurrency industry, the American Securities and Exchange (SEC) commission has reached regulation with Ripple Labs Inc., the company associated with XRP digital currency, according to information On the official dry website.
The dry and undulation asked the court jointly to approve their settlement agreement. According to the letter addressed to Judge Torres, Ripple will pay a civil sanction of $ 50 to solve the problem.
This financial penalty is considered a victory for Ripple, because it is much lower than 2 billion dollars that the SEC initially requested.
This financial penalty is considered a victory for Ripple, because it is much lower than 2 billion dollars that the SEC initially requested.
Ripple vs dry: implications of the cryptography market
As reported by U.TODAY, the Ripple T1 2025 report marks a major change in its legal fight with the dry. The company revealed that the SEC had agreed to ask the court to leave the injunction previously imposed in Ripple, pending the final approval of the Commission.
This is the first time that Ripple has publicly confirmed such an agreement. The initial injunction aimed to arrest Ripple of future violations of the securities law, but Ripple continues to argue that XRP is not security and should not be regulated as one.
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The decision reports progress towards the end of the long -standing legal dispute and reflects changing attitudes in American cryptography policy.
XRP price to rally?
At the time of the press, XRP increased by 6.45% compared to yesterday, according to data by tradingView.
On Wednesday, the American federal reserve maintained its reference rate of reference to 4.25% to 4.5%, where it has been since December. The cryptographic markets fell to the newspapers but then rebounded while the dips were purchased.
The XRP trading volume has doubled because the wider cryptography market experienced a significant recovery during the negotiation session on Thursday. The price of XRP responded accordingly, pushing higher in tandem with the volume peak.
