XRP-SEC legal dispute ends: According to the court ruling, the main contents of the settlement agreement are as follows:
Ripple will pay the SEC a civil penalty of $125 million, which is a significant reduction from the $2 billion initially requested by the regulator.
Ripple was found to have violated securities laws through its "institutional sales" of XRP crypto, which the court determined was an unregistered investment contract.
However, the court ruled that Ripple's "programmed sales" and "other distributions" of XRP did not constitute an unregistered securities offering.
The court also ruled that personal XRP sales by Ripple co-founders Chris Larsen and Brad Garlinghouse were not investment contract offerings for "substantially the same reasons as programmatic sales."
As the news of the end of this legal dispute spread, the price of XRP surged 27% to trade at $0.64, after hitting a 1-month low of $0.4315 during the broader market crash on Monday. #xrp #xlm
