Ripple settles with SEC, XRP price rallies: CEO thanks Trump
XRP is the top-performing major cryptocurrency over the past 90 days, according to Ripple CEO Brad Garlinghouse.
The rally coincides with Ripple (XRP) agreeing to pay $50 million to the U.S. Securities and Exchange Commission as part of a settlement.
Recall how the SEC sued Ripple in December 2020, claiming it sold XRP as an unregistered security. The legal battle became one of the crypto industry’s most closely watched cases.
In a key 2023 ruling, the court gave Ripple a partial win: institutional sales were legal, but XRP sales on public exchanges did violate securities laws.
Ripple originally set aside $125 million in escrow for potential penalties.
“We’re actually taking most of that back,…
