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Ripple Accepts SEC Settlement, Reduces Original Fine By Over Half To $50 Million

Ripple has agreed to drop its appeal against the U.S. Securities and Exchange Commission, according to Ripple chief legal officer Stuart Alderoty. Just days after the SEC dropped its case against XRP ( XRP ) creator Ripple, the company has confirmed it is also dropping its counter-appeal. In a post on X , Alderoty said both parties had not only agreed to withdraw their respective appeals but had also settled on a reduced fine, cutting the original $125 million penalty to $50 million. “The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever,” Alderoty wrote. “Last week, the SEC agreed to drop its appeal without conditions. Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple.” The SEC is also set to request that Judge Analisa Torres lift the standard “obey the law” injunction imposed on Ripple following the agency’s motion. However, these agreements remain subject to a vote by the Commission. Final documentation and other standard court procedures also need to be completed. Once finalized, the Ripple versus SEC case, which began in December 2020, will officially conclude. The latest news around the case comes as the SEC takes a complete u-turn following the exit of former chair Gary Gensler. Reports that the regulator was winding up its case against Ripple also surfaced. Under new interim chair Mark Uyeda, the SEC has, over recent weeks, dropped investigations and closed several high-profile lawsuits, including those against crypto exchanges Coinbase and Kraken. A more pro-innovation stance has marked this new direction, moving away from the regulation-by-enforcement approach seen during Gensler’s tenure. Among the changes: roundtable meetings by the Crypto Task Force, now led by Commissioner Hester Peirce. Meanwhile, U.S. President Donald Trump’s pick for new SEC Chair Paul Atkins is expected to take over in coming weeks.

The U.S. Securities and Exchange Commission has officially closed its investigation into Australlian crypto-gaming firm Immutable. According to a statement from the company on Mar. 26, the regulator will not take any enforcement action against Immutable ( IMX ), the IMX Ecosystem Foundation, or its chief executive officer. This officially puts an end to the matter. Immutable first revealed in October that it had received a Wells notice from the SEC. This notice meant the agency was considering possible charges for violating U.S. securities laws. However, with the investigation now closed, Immutable says this outcome validates its long-standing commitment to legal and regulatory compliance. The company welcomed the SEC’s ruling and noted that it was a step in the right direction for the web3 gaming sector. Immutable claimed that throughout the process, it stayed committed to its goal and kept developing products for gamers. Over the past year, it has signed a record number of games, launched Immutable Play, and saw more than a million new users sign up for its Passport system. Following the announcement, IMX, Immutable’s native token, is up 6% in the past 24 hours. The SEC’s decision is part of a larger shift in how it approaches crypto enforcement. The agency has dropped its investigations into a number of cryptocurrency companies since the beginning of the year, including OpenSea, Uniswap ( UNI ), Robinhood, and Gemini. To provide clearer regulatory guidelines for digital assets, the SEC has formed a crypto task force under the direction of Commissioner Hester Peirce. Meanwhile, Ripple is also in the final stages of settling its long-standing legal battle with the SEC. On Mar. 20, crypto.news reported that the SEC had agreed to drop its appeal against Ripple without conditions. In another update on Mar. 26, Ripple’s legal officer revealed that the company will not pursue its counter-appeal. Ripple secured a reduced fine, cutting the original $125 million penalty to $50 million.

According to Fox reporter Eleanor Terrett, Ripple has agreed to drop its appeal against the SEC and pay $50 million of the originally ordered $125 million fine. The SEC will also request Judge Torres to lift the “obey the law” injunction imposed on Ripple. Once the Commission

Cardano (ADA) has once again captured the attention of investors, demonstrating signs of renewed bullish energy as traders look towards March 26th. Following a temporary dip earlier in the week, the token quickly bounced back, climbing to challenge a crucial resistance zone. With its current price hovering around $0.7439 , ADA appears to be setting up for a decisive move. The latest surge in ADA’s trading volume, which is up by over 27%, indicates increasing market interest and potential upward momentum as traders position themselves for the next trading day. The focus is now on whether ADA can successfully break out of its current consolidation pattern and continue its established uptrend. ADA found significant support near the $0.722 level. This level provided a foundation for the subsequent price advance. Buyers actively engaged at this point, driving the price higher and establishing a pattern of higher lows. This trend, coupled with a sharp upward movement, indicates a resurgence of bullish sentiment in the ADA market. Related: Top Analyst’s Confident Take: ADA and XRP at $10? ‘Fine With Me’ Analysis of intraday charts reveals established support levels at $0.726 and $0.730. These levels may provide support should the price experience downward pressure. However, maintaining a position above $0.730 will be crucial for sustaining bullish momentum leading into the trading day of March 26th. Presently, ADA is trading just below the key resistance range of $0.745 to $0.750. This zone has historically posed a challenge, often resulting in price rejection. However, the current increase in trading volume and a strengthening price structure suggest an improved potential for ADA to breach this resistance. Should ADA achieve a decisive close above $0.750, the subsequent resistance level is observed at $0.760. A successful advance beyond this point could pave the way for a longer-term target in the range of $0.775 to $0.780. The RSI (Relative Strength Index) sits at 49.19, indicating a neutral market sentiment. This reading suggests that there is room for upward price action without immediately signaling overbought conditions. Related: ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner? Meanwhile, the Moving Average Convergence Divergence (MACD) indicator has exhibited a recent bullish crossover. The histogram, representing the divergence between the MACD and signal lines, has turned positive, offering an early indication of increasing buying interest that may support further price appreciation as March 26th approaches. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.