COINDESK DAILY: Ripple vs. SEC Lawsuit Near Settlement

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 14 March 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Christine Lee breaks down the latest news in the crypto industry as the legal battle between the SEC and Ripple may soon reach a resolution. Ripple is in settlement talks with the SEC, while Trump-backed World Liberty Financial is closing a $540 million token sale and reportedly discussed acquiring a stake in Binance.US. CoinDesk's Christine Lee hosts "CoinDesk Daily." - Friends, DeFi is having a moment — Uniswap Labs' web app and wallet connect you to the excitement. Swapping and bridging are simple, low cost, and lightning fast across 13 chains, including Base, Arbitrum and Unichain, the new Layer 2 network designed for DeFi. Thanks to deep liquidity on Uniswap Protocols, you get minimal price impact on every trade, now with even greater efficiency through Uniswap v4. Swap, send, on-ramp, off-ramp, and bridge into a bright future — get started at uniswap.org. - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Ripple is reportedly in settlement talks and Trump-backed World Liberty Financial is making deals.
0:06.0	It's Friday, March 14th, 2025. I'm Christine Lee. This is CoinDest Daily.
0:16.0	Ripple and the U.S. Securities and Exchange Commission nearing a resolution to a four-year legal
0:21.9	battle over the issuance of XRP, which was alleged to be an unregistered security under the Biden
0:27.7	administration. Fox reporting that the delay in reaching an agreement stems from Riffle
0:32.0	negotiating more favorable terms regarding a district court ruling, which imposed a $125 million fine on the
0:39.4	company and included a permanent injunction preventing the company from selling XRP tokens
0:44.2	to institutional investors.
0:46.3	Separately, Ripple received a Dubai license to provide regulated crypto payments and services
0:51.1	to the UAE, adding to its growing list of over 60 regulatory approvals
0:56.0	worldwide.
0:57.0	World Liberty Financial, a crypto project backed by U.S. President Donald Trump has
1:02.3	successfully closed its token sale, raising approximately $590 million, putting it in the top
1:09.0	10 list of token raises according to ICO drops.
1:12.6	At Consensus Hong Kong, Tron founder Justin Sun was credited by the project for the success of the token sale,
1:18.6	following Sun's investment of $30 million.
1:21.6	WLFI subsequently made a $7.5 million investment in Tron's TRX token and plans to buy more.
1:29.3	Trump and his family have a 60% ownership stake and receive 75% of the project's profit,
1:35.3	according to the World Liberty Financial website.
1:38.3	Friends, Defi is having a moment.
1:40.3	Uniswap Labs web app and wallet connect you to the excitement. Swapping and bridging our
1:45.8	simple, low cost, and lightning fast across 13 chains, including base, Arbitrum, and Unichain,
	...

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