Reported about 17 hours ago
XRP investors received encouraging news as the U.S. Securities and Exchange Commission (SEC) agreed to settle its case against Ripple, significantly reducing the financial penalty from $125 million to $50 million. Ripple, which created XRP, has faced scrutiny since 2020 due to its centralized structure. Although the settlement may relieve regulatory pressure, analysts caution that it may not lead to sustained growth for XRP as its value largely relies on speculative investments rather than actual demand from banks.
Source: YAHOO