Ripple agrees to waive cross appeal, SEC will keep $50 million of $125 million fine

"Last week, the Securities Exchange Commission (SEC) agreed to drop its appeal unconditionally," Stuart Alderoty, Ripple's chief legal officer, wrote. "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 in cash, and return the remainder to Ripple. The agency will also ask the court to lift the standard injunction previously imposed at the SEC's request. All of this is subject to committee votes, final filings, and regular court process."