Ripple | Crypto

US Securities and Exchange Commission Commissioner Caroline Crenshaw says if approved, the settlement with Ripple would join the long line of dismissals that is slowly eroding the credibility of SEC lawyers in court. A crypto-skeptical commissioner at the US Securities and Exchange Commission has blasted her agency over its settlement letter that could finally end the Ripple legal saga. The SEC and Ripple filed a joint settlement letter in a New York court asking for the August 2024 injunction against Ripple to be dissolved and $75 million of the $125 million in civil penalties held in escrow to be returned to the crypto firm, according to a May 8 statement from the SEC. SEC Commissioner Caroline Crenshaw blasted the pending deal in a May 8 statement, saying it would damage the regulators’ ability to keep crypto firms in line and undermine the court’s ruling. Read more

The US Securities and Exchange Commission (SEC) filed a proposed settlement agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen to resolve the Commission’s longstanding civil enforcement action against the company and its executives. In a filing submitted on May 8, the SEC and the defendants jointly requested that the US District Court […] The post SEC files to settle lawsuit with Ripple, execs over civil penalty dispute appeared first on CryptoSlate.

District Judge Analisa Torres ordered Ripple to pay the SEC a $125 million fine last year. Under the new settlement agreement, Ripple will get the majority of that money back.

XRP's price has slipped in the past few days, but Ripple is trying to make some big moves.

The SEC backed down in the Ripple case, but the industry remains in the dark on key legal questions with no precedent set. UPDATE: The headline has been updated to reflect Ripple’s clarification the “bad actor” designation was not applied as part of its settlement with the SEC. Ripple has emerged (mostly) victorious from its long-running battle with the Securities and Exchange Commission, but for legal experts, the cases conclusion feels like a missed opportunity. Since the case didnt advance to a higher court, Judge Analisa Torres original district court decision which famously differentiated between XRP sales to institutional investors and those on exchanges has not established a binding precedent.  Read more

Ripple CEO Brad Garlinghouse says the SEC lawsuit is “over,” Donald Trump speaks at Blockworks’ Digital Asset Summit: Hodler’s Digest The US Securities and Exchange Commissions multi-year enforcement action against Ripple is finally coming to an end, according to the companys CEO. This is it the moment weve been waiting for. The SEC will drop its appeal a resounding victory for Ripple, for crypto, every way you look at it, Ripple CEO Brad Garlinghouse wrote on X on March 19. Im finally able to announce that the case has ended; its over, Garlinghouse said in the video attached to the X post. Read more