Ripple agrees to pay $50M fine and drop cross-appeal to settle SEC lawsuit

Ripple has agreed to pay the US Securities and Exchange Commission (SEC) a $50 million penalty and drop its cross-appeal in the regulator’s lawsuit. In exchange, the SEC will ask for the lifting of an injunction that prohibits Ripple from selling XRP to institutions. According to Ripple’s chief legal officer, Stuart Alderoty, the SEC will […]