Reported 2 days ago
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially closed their legal battle regarding the sale of XRP tokens, ending their appeals. This closure follows a June agreement where Ripple agreed to a $125 million civil penalty. Following the announcement, XRP’s value increased by over 10%. The ruling retains a permanent injunction on Ripple’s institutional sales of XRP, while the SEC had previously dropped allegations against Ripple executives.
Source: YAHOO