Ripple has closed its case with the SEC after over four years, with CEO Brad Garlinghouse declaring the SEC’s decision a significant victory, asserting that XRP is not a security. The settlement includes a penalty of 50 million USD and a reimbursement of 75 million USD.
With Paul Atkins confirmed as the SEC chair, there are hopes for a shift in regulatory approach towards more transparent rules, potentially transforming the SEC’s relationship with cryptocurrencies and possibly influencing the outcome of the Ripple case.
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