Ripple, SEC Settle for $50M

This is a news story, published by CoinGape, that relates primarily to Analisa Torres news.

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XRP lawsuit outcome

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XRP lawsuit update today

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Business

Business & Economics

Lawyer predicts both Ripple and SEC will drop appeals and settle for around $50M

Summary

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Judge Analisa Torres has denied joint motion filed by both the U.S. Securities and Exchange Commission ( SEC ) and Ripple Labs , which sought an indicative ruling for the XRP lawsuit.

The request included dissolving a permanent injunction and reducing a previously agreed-upon penalty.

Legal expert Fred Rispoli predicts both parties are likely to drop their appeals and settle the case with a reduced penalty.

Ruling does not change Ripple ’s legal status as “not a security” despite court ruling on institutional sales.

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