Ripple agreed to waive its cross-appeal, and the SEC will retain $50 million of the $125 million fine

ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty stated, "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 (which has been deposited in an interest-bearing escrow account), and the remaining amount will be refunded to Ripple. The agency will also request the court to lift the standard injunction previously imposed at the SEC's request. All of this will require a commission vote, the drafting of final documents, and the usual court procedures."