ripple and sec make peace: punishment reduced to $ 50 million - XRP benefits from legal clarity

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Ripple und SEC legen Streit bei: Ein neuer Abschnitt für XRP Nach Jahren des Rechtsstreits zwischen Ripple Labs und der US-Börsenaufsicht SEC ist eine Einigung erzielt worden. Ripple hat zugestimmt, eine Geldstrafe von 50 Millionen US-Dollar zu zahlen, was einen deutlichen Rückgang gegenüber den ursprünglich geforderten 125 Millionen US-Dollar darstellt. Die SEC hat im Gegenzug ihre Berufung zurückgezogen und beantragt, die gerichtliche Anordnung „sich ans Gesetz zu halten“ aufzuheben. Diese Entwicklung markiert das Ende eines Konflikts, der seit Ende 2020 die Krypto-Welt beschäftigt hat. Hintergrund des Konflikts Der Streit entzündete sich an den Vorwürfen der SEC, Ripple habe mit dem …
Ripple and SEC put a dispute: A new section for XRP after years of the legal dispute between Ripple Labs and the US stock exchange supervision SEC has been reached. Ripple has agreed to pay a fine of $ 50 million, which represents a significant decline compared to the $ 125 million originally required. In return, the SEC has withdrawn its appeal and requested that the judicial order "adhere to the law". This development marks the end of a conflict that has employed the crypto world since the end of 2020. Background of the conflict The dispute ignited the allegations of the Sec that Ripple had with the ... (Symbolbild/KNAT)

ripple and sec the dispute: a new section for XRP

After years of the legal dispute between Ripple Labs and the US stock exchange supervision SEC, an agreement has been reached. Ripple has agreed to pay a fine of $ 50 million, which represents a significant decline compared to the $ 125 million originally required. In return, the SEC has withdrawn its appeal and requested that the judicial order "adhere to the law". This development marks the end of a conflict that has employed the crypto world since the end of 2020.

background of the conflict

The dispute sparked on the allegations of the Sec that Ripple had carried out an unregistered securities issue with the sale of XRP. These allegations meant that XRP was temporarily taken out of numerous important stock exchanges, including Coinbase, Binance and Etoro. As a result, the XRP course experienced a severe decline, which led to considerable uncertainties among investors.

Legal clarity for Ripple and XRP

Despite the high legal costs, which are estimated at up to $ 200 million, Ripple can see the legal clarity now gained. As early as 2023, a court had decided that the sale of XRP on secondary markets was not to be classified as a securities trading. This judgment is still valid and gives Ripple the opportunity to act without constant regulatory concerns.

For other crypto projects, this decision also offers hope. Due to the uncertainties regarding regulatory lawsuits, many companies had held back through the SEC to expand their business in the USA

Criticism of the Sec and the strengthened image of Ripple

regional and national regulation are offset by considerable critical voices, in particular with regard to SEC boss Gary Gensler. Observers accuse him of focusing on small regulatory efforts, while more important risks in the crypto industry, such as the collapse of FTX or Celsius, remained insurmountable. The Ripple case shows that not every crypto project automatically violates laws and shows that it is urgently needed to create clearer framework conditions.

Stuart Alderoty, the chief lawyer of Ripple, commented on the platform X (formerly Twitter) relieved about the outcome of the procedure. He assumes that this comparison is the end of the judicial disputes. The $ 50 million to be paid are already on a trust account, and the remaining amount of the originally required amount is rejected to Ripple.

FAZIT

The agreement between Ripple and the SEC could be the starting signal for a comeback from XRP. With the legal clarity gained and taking back the appeals, both Ripple and other crypto projects can concentrate on potential new growth opportunities in the United States. The developments indicate that the regulatory landscape for cryptocurrencies could become more transparent and clearer in the future.