News Explorer — Ripple-SEC Legal Battle Formally Concludes With Appeals Dropped

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Aug 7, 11:58 pm

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Ripple-SEC Legal Battle Formally Concludes With Appeals Dropped

The SEC and Ripple Labs Inc. have closed their legal dispute over the sale of XRP tokens, with both parties withdrawing their appeals and agreeing to bear their own legal costs. Ripple will pay a $125 million civil penalty placed in escrow, to be transferred to the U.S. Treasury.

The SEC and Ripple Labs Inc. have closed their legal dispute over the sale of XRP tokens, with both parties withdrawing their appeals and agreeing to bear their own legal costs. Ripple will pay a $125 million civil penalty placed in escrow, to be transferred to the U.S. Treasury.

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