Ripple $2.21 The agreement between Labs and the US Securities and the Stock Exchange Commission (SEC) shows that the long -term legal process will soon end. The parties, in a letter of agreement presented in New York, reported that they are progressing within the framework of the specified conditions.
Ripple case
According to the text of the agreement presented, both sides agreed to pay a sentence of $ 50 million as a part of the 125 million dollars implemented by the Southern New York Regional Court last year. The relevant penalty represents a very small portion of the 2 billion amount requested by the SEC. This shows that the agreement underlines the agreement between the parties.
In the 2023 decision of the judge Analisa Torres, it was decided that Ripple had violated the rules of securities when selling XRP Token to corporate investors. However, there was no violation of individual customers to purchase XRP over the stock exchanges. Following the objections, the SEC was looking for legal ways against his decision, while Ripple had objected.
Then, in the midst of all this chaos, the Genses left the company on January 20 and the Trump administration ended the war with crypto. We mentioned that the case would end in a very short time months ago. The Trump administration showed everyone the intention of terminating crypto cases other than fraud. The processes with Coinbase and other companies ended. In addition, it was announced that the penalty amount would be reduced in the Ripple case weeks ago. The latest development represents only the procedure part of the decisions.
XRP Coin
Paul Atkins, known for his crypto -friendly approaches during the task of the US president, came to the SEC presidency, has already created the expectation of softening in regulatory policies. Crypto regulation meetings, which started during the period of Mark Uyeda, the President of the SEC, continue full throttle. The new SEC management is trying to create clear and lasting rules in the US that no one dare to drown the crypto.
While Ripple announces that it reached an agreement in principle in March, we will now see that the company is free to take steps to step in many issues, including the public offering. The recent purchase of $ 1.25 million, the export of Rlusd and the construction of the ecosystem, albeit delayed, affect the long -term appearance of XRP Coin.
XRP Coin Price Although it is not impressed by this development BTC It climbed to $ 2.29 with the re -retrieval price of $ 103 thousand again. If the BTC can remain strong later, we can see that the rise of $ 2.35 and $ 2.58 continues.
Developments can be considered as steps to eliminate long legal uncertainties. The mutual agreement of the parties points to the efforts to provide flexibility in regulatory policies. The effect of market reactions and regulatory changes may occur more clearly in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
