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Ripple agreed to pay $50 million in penalties as part of the final settlement, significantly less than the $2 billion initially sought by the SEC
Ripple will receive $75 million in escrow funds as part of the agreement, and the August 2024 injunction against the firm will be dissolved
SEC initially filed a lawsuit against Ripple in December 2020, alleging unregistered securities sales through XRP worth $1.3 billion
Judge Analisa Torres ruled that Ripple violated securities laws with institutional XRP sales but not with programmatic sales to retail investors

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