Ripple vs SEC: The Bizarre 60-Day Truce That Could Change XRP Forever
It began in the bleak midwinter of December 2020 when the SEC accused Ripple of an unregistered securities sale—in other words, distributing XRP tokens like an unlicensed lemonade stand in a town with a strict lemonade monopoly. Fast forward to August 2024, a federal judge slapped Ripple with a $125 million penalty, a sum mischievously dancing just out of reach of the company’s grasp. Both sides marched off to appeal, yet whispers from the negotiation trenches suggest Ripple might slice that fine with surgical precision while shedding light on XRP’s legal murkiness.