💡 The final decision has been announced in the case between the company behind XRP, #Ripple , and the US Securities and Exchange Commission (SEC), which has been ongoing since December 2020. Accordingly, the court ruled that XRP sales made through cryptocurrency exchanges were legal. In contrast, institutional sales were considered investment contracts.

On the other hand, Ripple was fined $125 million. The SEC initially requested a $2 billion fine from the court, but later reduced this amount to $102 million. Ripple, on the other hand, offered to pay only $10 million.

Strong rise in XRP: Ripple's SEC fine has been announced!

The final decision has been announced in the case, which has been ongoing for about four years. The sale of XRP on exchanges was accepted as legal. Ripple, on the other hand, got away with the case by receiving a $125 million fine due to institutional sales.

The price of #XRP started to rise after the penalty was announced and the decision was now final. The cryptocurrency, which was traded at $ 0.50, increased by more than 25 percent in minutes to $ 0.64.