The SEC has confirmed in a letter to Judge Analisa Torres that it has reached a settlement with Ripple, requesting an indicative ruling to approve the deal. The settlement includes reducing Ripple’s penalty from $125 million to $50 million, with the remaining amount returned to the company, and lifting the injunction imposed last August. Both parties will drop their appeals once the case is formally remanded to the district court. They also agreed not to alter the July 2023 summary judgment, which held that institutional XRP sales violated securities laws, but programmatic sales did not. Source: U Today
