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Ripple Labs says it settles with US SEC, will pay reduced $50 million fine - REUTERS
NEW YORK, March 25 (Reuters) - Ripple Labs agreed to settle a U.S. Securities and Exchange Commission civil lawsuit over the alleged sale of unregistered securities and pay just $50 million of a previously imposed $125 million fine, the cryptocurrency company's chief legal officer said on Tuesday.
The accord would end one of the SEC's highest-profile cryptocurrency cases, as the regulator eases oversight of the industry.
