The SEC will keep $50M of the $125M fine (already in an…— Stuart Alderoty (@s_alderoty) March 25, 2025The new development follows Ripple CEO Brad Garlinghouse’s earlier announcement last week that the SEC will drop its appeal against the company, challenging a 2023 decision that XRP’s programmatic sales to retail investors did not constitute securities offerings. Under the new leadership led by acting Chair Mark Uyed, the agency has reversed most of its legal actions against crypto companies, including Coinbase, Kraken, Uniswap, and Immutable.
Low Open Interest and negative funding ratesXRP’s price action is also reflecting a lack of enthusiasm in its derivatives market, evidenced by low open interest and funding rates. Key points:Open interest (OI), the total number of outstanding futures and options contracts, remains subdued, indicating reduced trading activity. Currently, at $3.82 billion, the OI is 52% below its peak of $7.8 billion witnessed on Jan.18, dropping 5% over the last 24 hours.
Ripple’s dropped cross-appeal fails to boost XRPOne of the most significant factors is the lack of a strong market response following Ripple’s decision to drop its cross-appeal in the US Securities and Exchange Commission (SEC) lawsuit. Key takeaways:On March 25, Ripple announced it would withdraw its appeal against the SEC, bringing its case with the agency to a conclusion.
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Author / Journalist: Cointelegraph by Nancy Lubale
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