Ripple Labs says it settles with US SEC, will pay reduced $50 million fine

Ripple Labs has settled a lawsuit with the U.S. SEC over the sale of unregistered securities, agreeing to pay $50 million of a $125 million fine. The settlement, while pending approval, resolves one of the SEC's high-profile cases against the cryptocurrency industry. Ripple will also drop its appeal concerning a decision on $728 million in XRP sales to institutional investors.