Ripple Accepts SEC Settlement, Reduces Original Fine By Over Half To $50 Million
In a significant win for Ripple Labs and XRP, the company has reached a settlement with the US Securities and Exchange Commission (SEC) that will effectively conclude their prolonged legal battle. Ending Prolonged Legal Battle As reported by Fox Journalist Eleanor Terret, Ripple has agreed to drop its appeal against the SEC and will pay […]
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On October 3, Judge Analisa Torres denied the US Securities and Commission’s (SEC) motion for an interlocutory appeal in its ongoing legal battle against Ripple. As part of her order, she raised the possibility of a settlement between both parties before the case goes to trial on April 23, 2024. Ripple And SEC Could Settle […]
There have been rumours that the US Securities and Exchange Commission (SEC) and Ripple may be in negotiations to reach a settlement. A former SEC official has stepped in and provided insights on why that might not be the case. Former SEC Official Dismisses Rumors Of A Potential Ripple Settlement Former SEC lawyer Marc Fagel […]
Ripple Labs, which is comprised of a team of cryptographers who developed the Ripple payments protocol, recently announced its products for the forex market. The company has been working with several industry leaders in the financial arena, receiving a total of $32 million in Series A funding. The company has announced two new solutions called FX Market Making and Cross-Currency Settlement, aimed at lowering volatility and counterparty risk for banks and financial institutions conducting cross-border payments and forex activity. Ripple Labs Innovations. Similar to the bitcoin blockchain,....
Distributed ledger settlement startup Ripple has raised $55m in venture capital from a mix of financial industry heavyweights. Participating in Ripple's Series B round are Standard Chartered, Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank and SBI Holdings. Additional investors include Santander InnoVentures, CME Ventures, Seagate Technology and Venture 51. With a growth trajectory that will soon force the settlement startup out of its San Francisco headquarters, much of those funds will be spent on expansion projects including sales and marketing.....
In a long-awaited conclusion to their high-profile legal clash, Ripple Labs and the US Securities and Exchange Commission (SEC) have reached a settlement that will see the blockchain company pay $125 million in civil penalties. Related Reading: Bitcoin Eyes New Records: Staying Above $45,000 Might Be The Catalyst — CEO Ripple-SEC Legal Saga Ends According […]