Ripple Lawsuit News: How Long Till XRP vs SEC Actually Ends? Deaton Breaks It Down

The post Ripple Lawsuit News: How Long Till XRP vs SEC Actually Ends? Deaton Breaks It Down appeared first on Coinpedia Fintech News

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has felt like a never-ending saga for the crypto community. Just when it seemed like both sides were ready to wrap things up, a surprise twist delayed the process yet again.

According to pro-XRP lawyer John Deaton, both Ripple and the SEC had agreed to settle the case. The SEC dropped its appeal regarding XRP’s secondary sales on exchanges, and Ripple agreed to settle its cross-appeal concerning institutional sales and a hefty $150 million fine. The plan was to reduce the fine to $50 million and lift the injunction restricting Ripple’s institutional sales.