The protracted case between Ripple and the SEC has reached a crucial point, moving closer to resolution.
XRP Case Settlement
Ripple has agreed to withdraw its cross-appeal against the SEC in exchange for a $75 million refund from the previously paid $125 million. The withdrawal also includes lifting restrictions on promoting the XRP token.
New SEC Head Paul Atkins
Paul Atkins, the new head of the SEC, has invested $6 million in the crypto sector, including holdings in Securitize and Anchorage Digital. His net worth is estimated at $327 million, making him the wealthiest SEC chair in the past decade.
SEC Crypto Meetings
The SEC will hold four roundtable discussions on the regulation of crypto assets, addressing key aspects and the future of decentralized finance. The meetings will be open to the public and streamed on the SEC's website.
The agreement between Ripple and the SEC signals the end of a lengthy lawsuit and stabilizes the cryptocurrency industry. The ongoing focus on regulating the sector highlights the importance of continued dialogues.
