SEC, Ripple case to allegedly conclude soon - Breaking The News
Download our appPlay StoreApp Store
Download our appPlay StoreApp Store

SEC, Ripple case to allegedly conclude soon

Business
Christian Baha / AY

1 min read

EPA-EFE/SASCHA STEINBACH

The case between the United States Securities and Exchange Commission (SEC) and Ripple Labs could come to an end soon, crypto reporter Eleanor Terrett revealed on Wednesday, citing sources.

According to the sources, the reason an agreement has not yet been reached is because Ripple's legal team is looking to get "more favorable terms" for the August 2024 ruling, when a Manhattan court judge ordered the company to pay $125 million to the SEC in penalties over improper XRP cryptocurrency selling.

The sources explained that as the new SEC leadership aims to wipe the slate clean when it comes to crypto firms that were previously targeted, Ripple doesn't see why it should pay a fine when "regulatory clarity" is supposed to "resolve the underlying issue."

secripple
Related News
US SEC officially drops case against Coinbase
The United States Securities and Exchange Commission (SEC) announced on Thursday its decision to drop its civil enforcement action against Coinbase Inc. and Coinbase Global Inc., confirming the previous report.In the statement, SEC Acting Chairman Mark T. Uyeda explained that dismissing the case came amid the formation of the Crypto Task Force with the goal to "rectify" the agency's "approach and develop crypto policy in a more transparent manner."The...
Robinhood says SEC closed crypto investigation
Robinhood Markets Inc. announced Monday that the US Securities and Exchange Commission (SEC) has officially ended its investigation into Robinhood Crypto (RHC). In a letter dated February 21, 2025, the SEC's Enforcement Division informed RHC that it had concluded its review and would not pursue any enforcement action."We applaud the staff's decision," Robinhood's Chief Legal, Compliance and Corporate Affairs Officer Dan Gallagher said, calling the...
SEC to drop Coinbase lawsuit
Coinbase Global Inc. CEO Brian Armstrong took to X on Friday to announce that the company and the United States Securities and Exchange Commission (SEC) had reached an agreement to dismiss the latter's litigation against the former.In June 2023, the SEC alleged that the broker for years broke its rules by letting users trade numerous crypto tokens that were "unregistered securities" and failing to register its staking program.According to Armstrong, the deal...
BlackRock halts meetings as SEC shifts social rules
BlackRock has decided to cancel planned engagement meetings with companies after a shift in US Securities and Exchange Commission guidelines, according to people familiar with the matter, as reported by Semafor on Tuesday.The change affects how large investors, including index funds, can address social issues with corporations. This move could lead to a pullback from advocating for progressive corporate policies, particularly on environmental, social,...
About
Contact Us

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.