News on XRP lawsuit settlement: Former SEC prosecutor claims Ripple has already paid 1 billion 2,500 million yen
Ripple's journey has been nothing short of a roller coaster of legal battles and regulatory uncertainty. With the recent transition of power in the U. S. to Donald Trump, #Ripple CEO Brad Garlinghouse sees a key opportunity to push for a regulatory overhaul that could finally resolve the ongoing standoff between Ripple and the U. S. Securities and Exchange Commission (SEC).
This latest development has caused a wave of excitement and anticipation in the #cryptocurrency sector, as many believe that a favorable regulatory environment could unlock the full market potential of #XRP .
Hints of a possible settlement have already begun to stir the crypto community. Some social media users have speculated that a settlement has already been reached, but Ripple did not pay the agreed amount until after the case and appeal.
However, Mark Feigel, a former SEC lawyer, clarified that there was never an official settlement. Instead, the court ordered Ripple to pay the fine, which Ripple had already placed in an escrow account, pending the resolution of the appeals process.
he wrote on The X website: No, there was no settlement. The court ordered Ripple to pay the fine and Ripple has transferred the money into an escrow account pending a decision on the appeal
Garlinghouse called on the new administration to take immediate action and laid out a roadmap that Trump believes should be prioritized within the first 100 days. The most important of his recommendations is to fire SEC Chairman Gary Gensler from his position, whose tenure has been characterized by aggressive enforcement actions that many in the crypto community believe are stifling innovation in the United States.
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