
PANews|May 09, 2025 00:59
Ripple and SEC officially reach settlement agreement, intending to close case and withdraw lawsuit for $50 million
According to court documents, @ Ripple has reached a settlement agreement with the SEC, intending to lift the injunction imposed on Ripple in the court's August 2024 judgment and pay only $50 million of the $125 million civil penalty to the SEC, while returning the remaining $75 million to Ripple. Both parties agree not to appeal and not to request the revocation of the previous judgment.
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