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Ripple agrees to pay $50M fine and drop cross-appeal to settle SEC lawsuit

The settlement is now pending the SEC's vote, and will end the XRP lawsuit if approved.

CryptoSlate

Mar 26

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Happy Wednesday!

Today's crypto landscape is abuzz with significant developments. Ripple has reached a settlement with the SEC, agreeing to a $50 million fine and dropping its cross-appeal, potentially ending the long-standing XRP lawsuit pending SEC approval. Meanwhile, Congress is moving to overturn the IRS broker rule targeting DeFi platforms, with a final vote scheduled and potential support from President Trump. In another groundbreaking move, Custodia and Vantage have launched Avit, the first US bank-issued stablecoin on Ethereum, offering fast and transparent settlements within a regulated framework. Dive into these stories and more below.

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The global crypto market cap is $2.84 trillion, with a 24-hour volume of $78.34 billion. The price of Bitcoin is $86,723.96, and BTC market dominance is 60.6%. The price of Ethereum is $2,008.92, and ETH market dominance is 8.6%. The best-performing sector is Deflationary, which gained 5%. The Crypto Fear & Greed Index is currently Neutral (47).