logo

Case Ends With $50 Million Penalty?

By: bitcoin ethereum news|2025/05/10 07:30:06
0
Share
copy
Ripple vs. SEC: crypto market implications XRP price to rally? In a notable development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has reached a settlement with Ripple Labs Inc., the company associated with the XRP digital currency, according to information on the official SEC website. The SEC and Ripple have jointly asked the court to approve their settlement agreement. According to the letter addressed to Judge Torres, Ripple will pay a civil penalty of $50 to settle the issue. This financial penalty is considered a win for Ripple, as it is significantly lower than the $2 billion the SEC initially requested. This financial penalty is considered a win for Ripple, as it is significantly lower than the $2 billion the SEC initially requested. Ripple vs. SEC: crypto market implications As reported by U.Today, Ripple’s Q1 2025 report marks a major shift in its legal fight with the SEC. The company disclosed that the SEC has agreed to ask the court to vacate the injunction previously imposed on Ripple, pending final approval from the Commission. This is the first time Ripple has publicly confirmed such an agreement. The original injunction aimed to stop Ripple from future securities law violations, but Ripple continues to argue that XRP is not a security and should not be regulated as one. You Might Also Like The move signals progress toward ending the long-standing legal dispute and reflects changing attitudes in U.S. crypto policy. XRP price to rally? At press time, XRP is up 6.45% compared to yesterday, according to data by TradingView. On Wednesday, the U.S. Federal Reserve maintained its benchmark interest rate at 4.25%-4.5%, where it has been since December. Crypto markets fell on the news but then rebounded as the dips were bought. XRP’s trading volume doubled as the broader crypto market saw a significant recovery in the early Thursday trading session. The price of XRP responded accordingly, pushing higher in tandem with the volume spike. Source: https://u.today/breaking-sec-files-for-settlement-with-ripple

You may also like

Why a Million-Follower Crypto KOL Chooses WEEX VIP?

Discover why top crypto KOL Carl Moon partnered with WEEX. Explore the WEEX VIP ecosystem, 1,000 BTC protection fund, and exclusive rewards for serious traders.

CoinEx Founder: The Crypto Endgame in My Eyes

The industry will not disappear, but it will shrink significantly.

Spark Coin (SPK): Explodes 73% as Aave Bleeds $15B, A Good Investment Now?

Spark coin (SPK) surged 73% as $15 billion fled Aave after the KelpDAO hack. This article explains what Spark is, why it’s pumping, and whether it is a good investment right now.

As Aave's building collapses, Spark's high-rise is rising

The growth of Spark's TVL is essentially a redistribution of existing capital in DeFi among protocols, rather than new capital entering the market. The "cake" of the entire industry has shrunk in the short term, and no one can remain unaffected.

RootData: Q1 2026 Cryptocurrency Exchange Transparency Research Report

In this report, Binance continues to rank first with the highest trading volume and wealth potential, while OKX has risen to second place as one of the few exchanges with an increase in trading volume this month.

What Is Memecoin Trading? A Beginner's Guide to How It Works, the Risks, and 2026's Hottest Tokens

Memecoins surged 30%+ at the start of 2026 while Bitcoin was flat. RAVE spiked 4,500% then crashed 90% in days. MAGA jumped 350% overnight. This guide explains exactly how memecoin trading works — and how to not blow up your account doing it.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Popular coins

Latest Crypto News

00:42

MoonPay launches virtual accounts in New York State, expanding enterprise stablecoin payment infrastructure

The cryptocurrency payment network MoonPay announced that its Iron platform has officially launched virtual account services in New York State, supporting fintech companies, cryptocurrency platforms, neobanks, and financial institutions to integrate compliant fiat-to-stablecoin infrastructure.This l...
00:42

Morgan Stanley increased its holdings by 143.34 BTC, bringing the total Bitcoin holdings to 1964 BTC

According to Onchain Lens monitoring, about 1 hour ago, Morgan Stanley increased its holdings by 143.34 BTC, worth 11.17 million USD, bringing the total Bitcoin holdings to 1,964 coins.
BTCBTC
--
00:42

Coinbase Institution: 43% of institutional investors believe we are currently in the late stage of a bear market, while half of retail investors think we are still in the downward phase of the bear market

Coinbase Institutional tweeted that its March market cycle survey shows that among institutional investors, 43% believe we are currently in the late bear market; among non-institutional investors (retail), 49% believe we are still in the bear market markdown phase.
00:42

Bitcoin and Ethereum options with a nominal value of 9.87 billion USD will be settled upon expiration

Greeks.live macro researcher Adam posted on platform X to announce options expiration data: 1. 109,000 BTC options expired, Put Call Ratio was 0.93, maximum pain point at $72,000, notional value of $8.55 billion. 2. 563,000 ETH options expired, Put Call Ratio was 0.72, maximum pain point at $2,200, ...
BTCBTC
--
00:42

Belarus plans to launch a crypto bank, supporting 26 types of crypto assets and 11 categories of business operations

Alexander Egorov, Deputy Governor of the National Bank of Belarus, stated that the country is advancing the construction of a "crypto bank" framework, planning to support about 26 types of crypto assets and 11 core business categories.According to relevant decrees, crypto banks can use mainstream cr...
BTCBTC
--
ETHETH
--
SOLSOL
--
TONTON
--
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com