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Breaking: Ripple Drops Its Cross Appeal Against The US SEC

CoinGape LogoCoinGape20h ago

Breaking: Ripple Drops Its Cross Appeal Against The US SEC - CoinGape

Quick Summary:

Ripple has dropped its cross-appeal against the US Securities and Exchange Commission (SEC) following the latter’s decision to drop its case against the crypto firm last week.

The firm’s Chief Legal Officer (CLO), Stuart Alderoty, also revealed what will happen with the $125 million penalty that the court awarded against them.

He stated that the Commission will keep $50 million of the $125 million fine, which is already in an interest-bearing escrow in cash, while Ripple will keep the balance of $75 million.


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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 17:52:48 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 183 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27334273

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Breaking: Ripple Drops Its Cross Appeal Against The US SEC" was covered 20 hours ago by CoinGape, a news publisher based in India.

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  • URL: https://chronographically.beamstart.com/news/breaking-ripple-drops-its-cross-17429252322572

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