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International Business Times
International Business Times
Business
Marvie Basilan

$XRP Pumps As SEC Files For Ripple Lawsuit Settlement – Is It Actually Game Over?

Ripple SEC Lawsuit XRP Brad Garlinghouse Crypto Analisa Torres Chris Larsen Commission United States
Ripple previously announced the end of the SEC's lawsuit against the $XRP holder, but it was only on Thursday that the SEC filed a settlement agreement. (Credit: IBTimes US)

KEY POINTS

  • The SEC finally announced a settlement agreement with Ripple weeks after the company made its own announcement
  • Some crypto users believe it may take a few more months before the lawsuit's end is finalized
  • $XRP surged Thursday night amid the development but has yet to see a more significant price pump

The U.S. Securities and Exchange Commission (SEC) on Thursday announced it has filed a settlement agreement over its lawsuit against blockchain firm Ripple and two of its leaders, CEO Brad Garlinghouse and Ripple co-founder Chris Larsen, marking a major move by the financial regulator since Chair Paul Atkins took the helm from former Acting Chair Mark Uyeda.

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