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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.
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