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Ripple agrees to pay $50M fine and drop cross-appeal to settle SEC lawsuit – TON BOT

Ripple agrees to pay $50M fine and drop cross-appeal to settle SEC lawsuit

Ripple has agreed to pay a $50 million penalty to the SEC and drop its cross-appeal in a lawsuit. The SEC will request the lifting of an injunction prohibiting Ripple from selling XRP to institutions. The remaining $75 million will be returned to Ripple, and the legal battle began in December 2020.


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