Signal of a potential agreement between SEC and Ripple: The XRP community is on standby.

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Signal of a potential agreement between SEC and Ripple: The XRP community is on standby.

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), which has caused uncertainty in the crypto market since 2020, is nearing its conclusion. According to Reuters, under the agreement reached, Ripple will only pay $50 million instead of the previously set $125 million penalty. This development raises discussions about revising the company's obligations regarding institutional sales, and it is expected that restrictions on future XRP sales will also be lifted.

Ripple's Chief Legal Officer, Stuart Alderoty, stated that the company now possesses a stronger legal and market position. Ripple CEO Brad Garlinghouse remarked that this agreement demonstrates the failure of "regulatory pressures against innovation." The closure of the case marks a historic milestone for Ripple, restoring confidence among XRP investors. Additionally, Ripple announced the withdrawal of all remaining appeals related to the case. As the industry anticipates a new era, the resolution could significantly reduce regulatory uncertainty in the crypto sector.