#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The lawsuit of Ripple against SEC has finally ended.
Ripple has reached an agreement with SEC, agreeing to pay 50 million USD of the total initial slashing of 125 million USD. The remaining 75 million USD will be returned to the company.
Both parties will withdraw their appeals if the court lifts the permanent injunction against Ripple.
Ripple and SEC officially end
This marks the official end of one of the longest legal disputes in the cryptocurrency space. The lawsuit, filed during Gary Gensler's tenure at the SEC, has been closely monitored across the digital asset industry.
Ripple, the company that has maintained financial stability throughout the legal process, seems to be in a good position to accelerate growth.
The agreement was made at a time when the company was benefiting from the changed legal environment under President Trump's administration.
Last month, Ripple acquired the leading brokerage firm Hidden Road for a record price of 1.2 billion USD. The company has also negotiated with Circle, the issuer of USDC, for a 5 billion USD acquisition deal.
According to the report, that proposal has been rejected. With the lawsuit now concluded and most of the slashing refunded, Ripple is likely to strengthen its acquisition strategy in the US and abroad.
Legal resolutions can also affect the legal status of XRP. The lawsuit has helped reinforce the view that XRP operates as a commodity, not as a security. This clarification could pave the way for the approval of an XRP ETF.
The market is currently predicting a 39% chance of an XRP ETF being approved by the end of July, although this could change after the settlement.
The price of XRP has increased by nearly 10% today, although analysts believe that much of the information has already been reflected in the price, as the terms of the agreement had been publicly anticipated for several weeks.
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