📢 U.S Regulator Ends Lawsuit Against Ripple, Ripple to Pay $125illion Fine
The U.S. Securities and Exchange Commission said it ended its case accusing Ripple Labs of selling unregistered securities, leaving a $125 million fine intact and ending one of the cryptocurrency industry's highest-profile lawsuits.
Ripple and the SEC agreed on Thursday to dismiss their appeals of the fine imposed by U.S. District Judge Analisa Torres in Manhattan and her injunction against the sale of Ripple's XRP token to institutional investors.
XRP is the third-largest cryptocurrency by market value, trailing Bitcoin and Ether, according to the market service CoinMarketCap.
The SEC said the dismissal of the appeals means the injunction and fine remain in effect.
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