Ripple and SEC Approach Settlement in $125 Million Court Case
In a significant development, Ripple and the U.S. Securities and Exchange Commission (SEC) are seeking a resolution in their ongoing legal battle. They have requested the Manhattan District Court to lift a previous injunction to release a substantial 125 million dollar civil penalty currently held in escrow. This move marks a vital step in the prolonged case and hints at a possible resolution that could alter Ripple’s trajectory in the crypto space. Both parties appear to be working towards a settlement that may eventually end years of legal disputes.