SEC will retain a fine of $ 50 million from Ripple and return the rest

Ripple and the US Securities and Stock Exchange Commission have reached an agreement to end their long -term legal battle. the next News last week That SEC will drop its appeal without conditions, Ripple now agreed to withdraw the cross -appellant, and its main legal officials Stewart Aldruti He said on Tuesday.

SEC will keep $ 50 million from the fine of $ 125 million previously – the money that was already held in the warranty account. The remaining balance will be returned to the Ripple.

In addition, Aldeoty said that the agency will ask the court to raise a basic standard.

The decision is still subject to the vote of an official committee, the end of legal documents, and the standard court procedures. Once the case will be closed completely.

A SEC spokesman declined to comment or confirm the details of the deal.

This agreement represents the end of a four -year -old legal battle that started in December 2020, when the Supreme Education Council accused the ripples of conducting an unregistered securities offer through XRP sales. The issue has become a major test of how to apply US Securities Laws to digital assets during the operating period of the outgoing SEC president.

Its conclusion also indicates a broader shift in Washington’s approach to regulating encryption.

Since President Donald Trump began his second term in January, the Securities and Stock Exchange Committee has expanded its enforcement efforts, and brought down civil suits against the exchanges. Coinbase Kraken and refer to a possible solution in the case of fraud against the entrepreneur at Crypto Jusin Sun.

The trend refers to a more reconciliation organizational position, which seeks to achieve a balance between protecting investors with the support of innovation in the area of ​​digital assets.

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