XRP’s Ripple drops appeal against SEC after paying $50M as case officially ends

Ripple has dropped its appeal against the U. S. Securities and Exchange Commission after paying $50 million of the $125 million penalty tied to its long-running lawsuit, according to a detailed statement posted by Stuart Alderoty, Ripple’s Chief Legal Officer. The remaining $75 million—held in an interest-bearing escrow account—is being returned to the company. The SEC […] source: https://www.cryptopolitan.com/xrps-ripple-sec-case-officially-ends/