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Posted by
Two Blokes May 9 -
Filed in
Crypto
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Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have reached a settlement that could officially end their high-profile legal battle, pending judicial approval. According to court documents filed in New York, Ripple has agreed to pay a $50 million penalty, significantly lower than the $125 million initially ordered and a fraction of the SECs original $2 billion demand.
