XRP Lawsuit Settlement News: Former SEC Attorney says Ripple Has Already Paid ‘$125 Million’

Share This Post

Ripple vs SEC Update Could Political Endorsements Decide XRP’s Fate

The post XRP Lawsuit Settlement News: Former SEC Attorney says Ripple Has Already Paid ‘$125 Million’ appeared first on Coinpedia Fintech News

Ripple’s journey has been nothing short of a rollercoaster, filled with legal battles and regulatory uncertainty. With the recent shift in the U.S. presidency to Donald Trump, Ripple CEO Brad Garlinghouse sees a pivotal opportunity to push for a regulatory overhaul that could finally resolve the ongoing standoff between Ripple and the U.S. Securities and Exchange Commission (SEC). 

This latest turn of events has sparked a wave of excitement and anticipation across the crypto space, as many believe that a favorable regulatory environment could bring XRP’s full market potential.

Hints of a possible settlement have already begun to stir the crypto community. Some users on social media have speculated that a settlement has already been reached but that Ripple has not paid the agreed amount until the case and any appeal are concluded. 

Former SEC lawyer Marc Fagel, however, clarified that there was never a formal settlement. Instead, the court ordered Ripple to pay a penalty, which Ripple has already placed into escrow, awaiting the resolution of the appeal process.

He wrote on X, “No, there was never any settlement. The court ordered Ripple to pay a penalty, and Ripple has paid that money into escrow awaiting resolution of the appeal.”

Market Leaders Call For Clearer Regulations

Garlinghouse has called for urgent action from the new administration, outlining a roadmap he believes Trump should prioritize within his first 100 days. Chief among his recommendations is the removal of SEC Chair Gary Gensler, whose tenure has been marked by aggressive enforcement actions that many in the crypto community argue have stifled innovation in the U.S. Garlinghouse and other crypto leaders argue that the U.S. is losing its competitive edge in the global digital asset race due to regulatory overreach.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Toncoin Liquidity and User Activity Reviewed by Analyst: Insights on Market Impacts

Toncoin (TON) has seen notable changes in its market dynamics so far, driven by supply variations and heightened user engagement across its ecosystem Particularly, according to a recent analysis by

Dogecoin (DOGE) Momentum Seems Unstoppable: How High Can It Go?

Dogecoin started a fresh surge above the $0320 resistance against the US Dollar DOGE is holding gains and eyeing more upsides above $04180 DOGE price started a fresh rally like Bitcoin and climbed

XRP Lawsuit News: Legal Expert Says Ripple-SEC Case Could End in 2025, But There’s a Twist

The post XRP Lawsuit News: Legal Expert Says Ripple-SEC Case Could End in 2025, But There’s a Twist appeared first on Coinpedia Fintech News There’s growing speculation that Gary Gensler, the

An Elusive Indian Suspect at the Center of Indiana’s Crypto Fraud

Authorities in Grant County, Indiana, have recovered $36,000 in a cryptocurrency scam involving Prateek Jain, a 33-year-old man from Kolkata, India Jain faces charges of felony fraud and money

XRP Price Gains Steadily with Swings: Can It Maintain Momentum?

XRP price is slowly moving higher above the $06320 support zone The price tested the $07450 zone and is currently correcting gains XRP price started a decent increase above the $06320 resistance The

Bitcoin Price Prediction: Cup and Handle Pattern Hints at Breakout Above $126,000

The post Bitcoin Price Prediction: Cup and Handle Pattern Hints at Breakout Above $126,000 appeared first on Coinpedia Fintech News The Bitcoin bull market is showing no signs of slowing down