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$XRP **After nearly five years of courtroom drama, the Ripp

CryptoPotato

Updated at: 14 hours ago

{"content":"$XRP **After nearly five years of courtroom drama, the Ripple vs. SEC case has finally reached its conclusion. In a joint move, Ripple and the U.S. Securities and Exchange Commission have requested the New York court to release $125 million in escrow funds, marking the end of the prolonged legal battle between the two parties.** Meanwhile, XRP is no longer classified as a security in secondary markets, solidifying its status as a cryptocurrency. According to their joint filing, **$50 million from the escrow account will be paid to the SEC as a civil penalty**, while Ripple will receive the remaining **$75 million**, pending court approval. In their letter to the court, both parties stated that this step avoids further appeals and **officially concludes the lengthy lawsuit**. This decision aligns with **Judge Analisa Torres’ 2023 ruling**, which clarified that **XRP is not a security when traded on secondary markets**. --- ### **Key Takeaways:** ✅ **$125M escrow released** – Case settled. ✅ **XRP officially not a security** in secondary trading. ✅ **$50M SEC penalty**, $75M returned to Ripple. ✅ **No further appeals** – Legal clarity achieved. *This ruling sets a precedent for crypto regulation in the U.S.!* 🚀 $XRP {future}(XRPUSDT)","images":[],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}

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