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🚨#RIPPLE -SEC COMMISSIONER #CRITICIZES SETTLEMENT DRAWS #FIRE FROM INSIDE THE SEC
🔹SEC & Ripple file for $75M refund and removal of August 2024 injunction
🔹Commissioner Crenshaw criticizes the deal as creating a "regulatory vacuum"
🔹Warns it undermines SEC’s authority and #damages public trust
Ripple case timeline:
🔹Judge Torres must issue an indicative ruling
🔹Parties seek remand from appeals court
🔹Final motion and appeal dismissals to follow
🔹Legal background: Ripple was earlier fined $125M for unregistered XRP sales to institutional investors
🔹Ongoing tension: Part of broader rollbacks in crypto enforcement under the current U.S. administration
$XRP
🔹SEC & Ripple file for $75M refund and removal of August 2024 injunction
🔹Commissioner Crenshaw criticizes the deal as creating a "regulatory vacuum"
🔹Warns it undermines SEC’s authority and #damages public trust
Ripple case timeline:
🔹Judge Torres must issue an indicative ruling
🔹Parties seek remand from appeals court
🔹Final motion and appeal dismissals to follow
🔹Legal background: Ripple was earlier fined $125M for unregistered XRP sales to institutional investors
🔹Ongoing tension: Part of broader rollbacks in crypto enforcement under the current U.S. administration
$XRP
🚨#RIPPLE SETTLES WITH SEC, CASE #CLOSED — $XRP CLEARED FORWARD
🔹Settlement Reached: Ripple to pay $50M to the SEC; $75M from escrow returned.
🔹Injunction Lifted: Parties seek court approval to terminate Ripple’s injunction.
🔹#Appeals Dropped: Both sides halt appeals to finalize the agreement.
🔹XRP Surges: Token price jumps following news of closure.
-Reuters, U.Today
{spot}(XRPUSDT)
🔹Settlement Reached: Ripple to pay $50M to the SEC; $75M from escrow returned.
🔹Injunction Lifted: Parties seek court approval to terminate Ripple’s injunction.
🔹#Appeals Dropped: Both sides halt appeals to finalize the agreement.
🔹XRP Surges: Token price jumps following news of closure.
-Reuters, U.Today
{spot}(XRPUSDT)
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