TechFlow, June 13 — According to The Block, the U.S. Securities and Exchange Commission (SEC) and Ripple have submitted new court filings requesting a ruling on a $125 million penalty, aiming to conclude the nearly five-year-long legal dispute. In their court documents, both parties referenced significant shifts in the SEC's stance on cryptocurrency regulation.
Previously, the SEC sued Ripple, alleging it violated securities laws by selling XRP tokens. With changes in the regulatory landscape, both sides are now seeking a final resolution to bring closure to this far-reaching cryptocurrency regulatory case.
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