“They Already Paid in Cash. Sorry.”: Ex-SEC Official Debunks XRP Rumors
2025-07-17 08:20:25
Main Idea
Former SEC official Marc Fagel confirms Ripple paid its $125 million penalty in cash, not XRP, and denies rumors about the U.S. government's interest in XRP reserves.
Key Points
1. Ex-SEC official Marc Fagel stated that Ripple's $125 million fine was paid in cash, not XRP, as per a court order.
2. Fagel clarified the payment details on social media, refuting claims that Ripple might pay in XRP.
3. The Ripple vs. SEC lawsuit remains technically pending, with no official confirmation of settlement from either party.
4. Ripple attempted to negotiate a reduced fine of $50 million but was unsuccessful.
5. Legal experts dismissed speculation about the U.S. government seizing Ripple's XRP escrow holdings, calling such claims baseless.
Description
According to ex-SEC official Marc Fagel, Ripple’s $125 million penalty was paid in cash. The payment is in escrow pending resolution of the ongoing appeal process. Notably, Ripple attempted to negotiate a reduced fine of $50 million but was unsuccessful in its efforts. Former SEC enforcement attorney Marc Fagel has confirmed that Ripple has already paid its $125 million fine to the U.S. Securities and Exchange Commission in cash, not in XRP. His statement directly counters widespread online spec...
Latest News
- James Wynn Makes $473K in One Day Shorting BTC and HYPE on Hyperliquid2025-07-17 17:57:53
- Crypto’s “Great Consolidation”: The Era of Easy Money Is Over as an M&A Frenzy Begins2025-07-17 17:45:43
- Key Democrat Breaks Ranks, Urges Party to Pass Crypto Bills to End “Wild West”2025-07-17 17:05:32
- Ripple Co-Founder Chris Larsen Moves $26M in XRP to Coinbase as Price Hits 7-Month High2025-07-17 16:15:04
- France Plans Using Surplus Electricity for Bitcoin Mining, Earn $150 Million in Revenue2025-07-17 15:06:07