The US Securities and Exchange Commission (SEC) and Ripple are negotiating a possible settlement of the lawsuit. The focus is on whether XRP should be considered a commodity or a security.
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Ripple has become the first blockchain vendor to receive approval from the Dubai Financial Services Authority (DFSA) to provide regulated cryptocurrency payment services in the UAE.
As reported by Crypto.news citing a statement by former FOX Business journalist Eleanor Terrett, the US Securities and Exchange Commission is about to close the case against Ripple. At the same time, according to lawyers quoted by the portal, the SEC may restart the hearing for non-fraud cases.
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