Ripple CEO Brad Garlinghouse confirmed the end of the SEC litigation due to new leadership at the SEC. He highlighted that the regulatory environment around cryptocurrencies is becoming more positive and noted Ripple’s recent 2 billion USD acquisition of Hidden Road as a major milestone.
During an interview, Garlinghouse mentioned that Ripple will return most of the 125 million USD fine placed in escrow, while confirming that the SEC and US government will receive 50 million USD each, with plans to negotiate these payments in XRP rather than cash.
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