Ripple's prolonged legal confrontation with the SEC has culminated, giving the cryptocurrency community a significant victory. The dispute primarily focused on whether XRP should be classified as a security.
Ripple managed to reduce its fine drastically from the initially hefty $2 billion to $25 million. This settlement allows Ripple to continue its international operations, although certain restrictions on XRP sales remain in place.
Despite this legal resolution, the possibility of individual investors pursuing a class-action lawsuit against Ripple appears daunting. John Deaton, a well-known attorney, labels the process as 'challenging', indicating potential legal complexities and hurdles ahead.
