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SEC and Ripple End Legal Battle, Clearing Path for XRP

Published by
Sohrab Khawas

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially ended their nearly five-year legal dispute by jointly dismissing all remaining appeals in the XRP case. The 2023 court ruling stands: XRP sold on public exchanges is not a security, though some institutional sales were classified differently. Ripple agreed to pay a $50 million penalty, far less than initially proposed. The resolution has boosted XRP’s price and eased regulatory uncertainty, signaling a new chapter for the cryptocurrency and its adoption. Both parties will bear their own legal costs.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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