Ripple Labs Says Crypto Exchange Brokered Deal With SEC to Drop 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,” Stuart Alderoty, the chief legal officer for Ripple Labs, claimed on social media.

       

“The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple,” Stuart Alderoty, the chief legal officer for Ripple Labs, claimed on social media.