Refinable narxFINE

Ideally we close the next 4hr candle above the sweep candle and hold RSI 50. Just under 3hrs to go but -so far- looks decent. From a lower tf perspective, re-testing 86.3k is also fine $BTC

Ripple Accepts SEC Settlement, Reduces Original Fine By Over Half To $50 Million

Ripple has agreed to drop its appeal against the U.S. Securities and Exchange Commission, according to Ripple chief legal officer Stuart Alderoty. Just days after the SEC dropped its case against XRP ( XRP ) creator Ripple, the company has confirmed it is also dropping its counter-appeal. In a post on X , Alderoty said both parties had not only agreed to withdraw their respective appeals but had also settled on a reduced fine, cutting the original $125 million penalty to $50 million. “The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever,” Alderoty wrote. “Last week, the SEC agreed to drop its appeal without conditions. Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple.” The SEC is also set to request that Judge Analisa Torres lift the standard “obey the law” injunction imposed on Ripple following the agency’s motion. However, these agreements remain subject to a vote by the Commission. Final documentation and other standard court procedures also need to be completed. Once finalized, the Ripple versus SEC case, which began in December 2020, will officially conclude. The latest news around the case comes as the SEC takes a complete u-turn following the exit of former chair Gary Gensler. Reports that the regulator was winding up its case against Ripple also surfaced. Under new interim chair Mark Uyeda, the SEC has, over recent weeks, dropped investigations and closed several high-profile lawsuits, including those against crypto exchanges Coinbase and Kraken. A more pro-innovation stance has marked this new direction, moving away from the regulation-by-enforcement approach seen during Gensler’s tenure. Among the changes: roundtable meetings by the Crypto Task Force, now led by Commissioner Hester Peirce. Meanwhile, U.S. President Donald Trump’s pick for new SEC Chair Paul Atkins is expected to take over in coming weeks.

The U.S. Securities and Exchange Commission has officially closed its investigation into Australlian crypto-gaming firm Immutable. According to a statement from the company on Mar. 26, the regulator will not take any enforcement action against Immutable ( IMX ), the IMX Ecosystem Foundation, or its chief executive officer. This officially puts an end to the matter. Immutable first revealed in October that it had received a Wells notice from the SEC. This notice meant the agency was considering possible charges for violating U.S. securities laws. However, with the investigation now closed, Immutable says this outcome validates its long-standing commitment to legal and regulatory compliance. The company welcomed the SEC’s ruling and noted that it was a step in the right direction for the web3 gaming sector. Immutable claimed that throughout the process, it stayed committed to its goal and kept developing products for gamers. Over the past year, it has signed a record number of games, launched Immutable Play, and saw more than a million new users sign up for its Passport system. Following the announcement, IMX, Immutable’s native token, is up 6% in the past 24 hours. The SEC’s decision is part of a larger shift in how it approaches crypto enforcement. The agency has dropped its investigations into a number of cryptocurrency companies since the beginning of the year, including OpenSea, Uniswap ( UNI ), Robinhood, and Gemini. To provide clearer regulatory guidelines for digital assets, the SEC has formed a crypto task force under the direction of Commissioner Hester Peirce. Meanwhile, Ripple is also in the final stages of settling its long-standing legal battle with the SEC. On Mar. 20, crypto.news reported that the SEC had agreed to drop its appeal against Ripple without conditions. In another update on Mar. 26, Ripple’s legal officer revealed that the company will not pursue its counter-appeal. Ripple secured a reduced fine, cutting the original $125 million penalty to $50 million.

According to Fox reporter Eleanor Terrett, Ripple has agreed to drop its appeal against the SEC and pay $50 million of the originally ordered $125 million fine. The SEC will also request Judge Torres to lift the “obey the law” injunction imposed on Ripple. Once the Commission