Ripple disclosed in its Q1 2025 market report that the SEC plans to request vacation of the injunction related to their legal battle. This follows Ripple withdrawing its cross-appeal, with the SEC proposing to lower the penalty from 125,000,000 USD to 50,000,000 USD.
The SEC lawsuit, initiated in December 2020, initially claimed Ripple raised over 1,300,000,000 USD through unregistered securities. An important ruling in July 2023 determined that XRP is not a security for retail investors, affecting wider cryptocurrency regulations.
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