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Ripple and the American Commission for Securities and Stock Exchange has reached a contract with the end of a long legal battle. Next News from last week that SEC has abandoned an appeal without conditions, Ripple has now agreed to withdraw his appeal, legal director Stuart Alderoty He said on Tuesday X.
SEC will keep $ 50 million from a previously imposed fine of $ 125 million – funds already kept on Escrow's account, said Alderoty. The remaining balance will be returned to Ripple.
In addition, Alderoty said that the agency would ask the Tribunal to raise a standard order.
The resolution remains subject to formal voting of the Commission, finalization of legal documentation and standard court procedures. After the end, the case will be closed in full.
The SEC spokesman refused to comment or confirm the details of the contract.
This contract means the end of a carefully observed, four -year legal battle that began in December 2020 Sale XRP. The case has become a key test of how American provisions regarding securities apply to digital assets during the term of office of the outgoing chairman of Sec Gary Gensler.
His application also signals a wider change in Washington's approach to regulating cryptocurrencies.
Since President Donald Trump began his second term in January, SEC has reduced his enforcement efforts, abandoning civil lawsuits against exchanges Coins and Kraken and signaling a potential resolution in a fraud case against Entrepreneur Crypto Justin Sun.
The trend indicates a more conciliatory regulatory attitude, which aims to balance investors' protection with the support of innovation in the space of digital assets.
