🚨RIPPLE $XRP HAS DUAL REGULATORY CLARITY! 🚨

No Other Cryptocurrency Has Received Clarity From Both FinCEN and the SEC Regarding Its Regulatory Status.💥🇺🇸

In 2015 #XRP Was Clearly Defined As "Virtual Currency" By Financial Crimes Enforcement Network (FinCEN).

In 2023 XRP Received Legal Judgment Against The SEC Stating The Token Itself "Is Not A Security" Under Federal Law, Making This Token A Special Case In The United States Crypto Landscape.

FinCEN Civil Penalty and Settlement:

Fine: FinCEN assessed a $700,000 civil money penalty against Ripple Labs and XRP II for violating the Bank Secrecy Act (BSA).

Settlement: Ripple Labs also settled with the U.S. Attorney's Office for the Northern District of California (USAO-NDCA) by forfeiting $450,000. This forfeiture partially satisfied FinCEN's penalty, leaving Ripple to pay the remaining $250,000 to FinCEN.