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-0.000342784388619525 -0.000244845991871169 -0.000685568777239189 0 -0.0036726898780667 -0.00249742911708531 -0.00111062141912736 -0.00464619754174627
Stock impact report

Ripple Labs says it settles with US SEC, will pay reduced $50 million fine [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
alleged sale of unregistered securities and pay just $50 million of a previously imposed $125 million fine, the cryptocurrency company's chief legal officer said on Tuesday. The accord would end one of the SEC's highest-profile cryptocurrency cases, as the regulator eases oversight of the industry. Ripple Chief Legal Officer Stuart Alderoty said in a post on X that the SEC would keep $50 million of the $125 million fine imposed in August by U.S. District Judge Analisa Torres in Manhattan and now in escrow earning interest. Alderoty said a settlement requires approval by the SEC and the judge. Ripple said there is no admission of wrongdoing. The SEC declined to comment. Ripple said last week that the SEC had ended its appeal of Torres' July 2023 decision that the Read more
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