Ripple and SEC Push to End Legal Battle, Propose Split of $125M Penalty

The post Ripple and SEC Push to End Legal Battle, Propose Split of $125M Penalty appeared first on Coinpedia Fintech News Ripple and the SEC have jointly asked a Manhattan court to lift the injunction in their ongoing case and release the $125 million civil penalty currently held in escrow. Under the proposal, $50 million would go to the SEC, while the remaining $75 million would be returned to Ripple. This joint motion is part of a broader effort to resolve the long-standing legal dispute, drop all pending appeals, and avoid further court proceedings between the two parties.

Source: coinpedia