Ripple and SEC Near Resolution in Longstanding Legal Dispute
Ripple pushes for better terms in settlement talks as SEC shifts its approach to cryptocurrency enforcement.
- Ripple Labs and the SEC are reportedly close to resolving their four-year legal battle over the classification of XRP as a security.
- Ripple's legal team is negotiating improved terms for the $125 million fine and injunction imposed after the 2023 court ruling.
- The SEC, under new leadership, has softened its stance on crypto enforcement, dropping cases against firms like Coinbase and Kraken.
- The August 2023 ruling determined XRP sales to institutional clients violated securities laws but spared retail sales from similar classification.
- The outcome of this case could set a precedent for cryptocurrency regulation and influence the SEC's future enforcement strategy.