Big news for Ripple! The SEC, a government group that makes sure things are fair in the money world, might be ending its fight with Ripple, a company that makes XRP, a type of cryptocurrency (like digital money). This has been a long legal battle.
- The SEC sued Ripple in 2020, saying XRP was like a secret stock.
- A judge said XRP wasn't a secret stock in 2023.
- The SEC is dropping other cases, so they might drop this one too.
- Ripple wants the SEC to take away some penalties.
| Fact | Detail |
|---|---|
| Case Start | 2020 |
| Judge's Ruling | XRP not a security (2023) |
| Penalty | $125 million (possibly changing) |
| XRP Price Reaction (2024) | Rose sharply after Trump's election and Gensler's departure |
