🚨JUST IN: The @SECGov has announced a settlement with @Ripple, @bgarlinghouse and @chrislarsensf.
The parties have agreed that Ripple will pay $50M of the original $125M penalty, with the rest being returned to them.
Both sides will drop appeals if the court agrees to lift the injunction placed on Ripple.
@WatcherGuru Great news for Yuga Labs—SEC dropping the Bored Ape investigation is a win for NFT innovation. Still, it’s a reminder: the regulatory spotlight isn’t dimming anytime soon. Time for the crypto space to keep pushing forward while staying sharp.
I’ve said this before - the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry.
Maximalism is the enemy of the industry’s progress. Glad to see POTUS recognizing we live in a multichain world and that we’re finally moving past Bill Hinman and the Biden administration's SEC’s very broken thinking.
I will certainly continue to champion this while in Washington at the end of this week.