🚨🚨 ATTENTION BINANCE COMMUNITY 🚨🚨
#Xrp🔥🔥 As of today, Wednesday, April 16, 2025, $XRP (Ripple) and the U.S. Securities and Exchange Commission (SEC) have reached a principled agreement to resolve their long-running lawsuit.
Here’s a breakdown of the key aspects of the resolution:
* The SEC has agreed to withdraw its appeal against the previous ruling that XRP is not necessarily a security, especially in sales in the secondary market to retail investors.
* In a reciprocal move, Ripple has also agreed to withdraw its cross-appeal.
* Reduced fine: As part of the agreement, Ripple will pay a reduced fine of $50 million. This is significantly lower than the original fine of $125 million. The remaining $75 million held in escrow will be returned to Ripple.
* Lifting of the injunction: The SEC will request the court to lift the "comply with the law" injunction that had previously been imposed on Ripple, requiring the company to register future sales of securities.
* Imminent formal end: While a principled agreement has been reached, it still needs final approval from the SEC Commissioners and formalization of the court documents. Both parties have jointly requested a pause in the appeal proceedings to finalize the agreement. The SEC has been ordered to submit a status report within 60 days of the court order (by June 9, 2025).
In summary, the resolution implies that the SEC concedes on the main point of disagreement regarding the status of XRP in retail sales, and Ripple agrees to pay a significantly reduced fine. This puts an end to the long and impactful legal battle, pending the final procedural steps.
