SEC will retain 50 million dollars of ricky in fine and returns left

Ripple and American Secle and Exchange Commissions reached an agreement to end their long-term legal battle. Next News last week In order for SEC to drop his appeal without the conditions, Ripple now agreed to withdraw his advance, the General Legal Officer Stuart alderi said in X on Tuesday.

The Sec will retain $ 50 million beforely imposed $ 125 million – funds already held in Escrow account, Alder said. The remaining balance will be returned to Ripple.

In addition, alderi said that the Agency would request that the court currently set up a standard ban.

The resolution remains subject to votes of the formal commission, finalization of legal documentation and standard court proceedings. Once completed, the case will be closed completely.

The SEC spokesman refused to comment or confirm the details on the agreement.

This Agreement marks the end of the closely observed, four-year legal battle that began in December 2020. year, when the sex accused him of accusing him of implementing unregistered securities Sales XRP. The case has become a key test that American laws on securities relate to digital property during the mandate of the exaggregative Secal Chair Gari Gensler Glensler.

Its conclusion also signals a wider shift in Washington access to the CRIPTO regulation.

Since President Donald Trump began to start another mandate in January, SEC has reduced its efforts to implement, threw civil lawsuits from exchanges Coin Both Kraken and signals a potential resolution in his case of fraud against the CRIPTO entrepreneur Justina Sun.

The trend points to a quieter regulatory posture, one seeking to balance investor protection support for innovation in the digital property space.

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