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Sources: The lawsuit between the US SEC and Ripple is nearing completion and may soon come to an end

PANews
PANews|Mar 12, 2025 16:00
Fox Business News reporter Eleanor Terrett stated in an article on X platform that two reliable sources have revealed that the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple is nearing completion and may soon come to an end. It is understood that the reason for the delay in reaching an agreement is that Ripple's legal team is fighting for more favorable terms regarding the August federal court ruling. The ruling imposes a fine of $125 million on Ripple and issues a permanent injunction prohibiting the company from selling XRP to institutional investors. According to sources, Ripple's argument is that if the new leadership of the SEC believes that a clear regulatory framework can solve the fundamental problem and therefore "clear" enforcement records for all previously targeted cryptocurrency companies, why should Ripple still be punished? If Ripple accepts Judge Torres' ruling, it means it essentially acknowledges misconduct - but now the SEC seems uncertain whether there was any misconduct. Due to the lack of precedent for such situations, this may explain why the resolution time of this case is longer than other cases. Please continue to monitor the progress in the future.
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