PANews reported on March 26 that according to CoinDesk, Ripple reached a preliminary settlement agreement with the SEC, and the SEC agreed to return $75 million of the $125 million fine imposed by the court last year, retaining only $50 million to close the case.
In exchange, Ripple will withdraw its cross-appeal. The proposed settlement still needs to be approved by the court and the commission, and may mark the end of the long-standing legal dispute between the two parties.
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