BlockBeats News, March 26, Ripple's Chief Legal Officer Stuart Alderoty wrote, "Last week, the U.S. Securities and Exchange Commission (SEC) agreed to unconditionally drop its appeal. Ripple has now agreed to drop its cross appeal. The SEC will retain $50 million of the $125 million fine (already deposited in an interest-bearing escrow account in cash), and the remaining portion will be returned to Ripple. The agency will also seek the court's approval to lift the previously imposed standard injunction at the SEC's request. All of this is subject to a vote by the Commission, drafting of final documents, and regular court procedures."
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