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Ripple Labs has settled its long-running legal battle with the SEC, agreeing to pay $50 million. The case, which began in 2020, accused Ripple of selling unregistered securities via its XRP token. The resolution has sparked a positive market reaction, with XRP’s price rising over 8%.
- Ripple settles SEC lawsuit for $50 million, down from an initial $2 billion demand.
- A 2023 court ruling found programmatic XRP sales were not securities, but institutional sales were.
- XRP's price surged over 8% post-settlement, reflecting market optimism.
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