AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
ShapeShift Crypto Exchange Settles Sanctions Violations for $750K
ByAinvest
Tuesday, Sep 23, 2025 2:52 pm ET1min read
ShapeShift, a defunct crypto exchange, has agreed to pay $750,000 to settle US Treasury Department sanctions violations. The exchange allegedly processed over $12.5 million in transactions from users in sanctioned countries without a sanctions compliance program in place. ShapeShift is a shuttered exchange with limited assets and the fine was deemed small. The exchange closed in 2021 after receiving early funding from prominent crypto figures.
The XRP price has remained stagnant, trading under $3, despite the recent settlement of Ripple's lawsuit with the U.S. Securities and Exchange Commission (SEC). The legal battle, which began in December 2020, has finally come to an end with Ripple's $125 million settlement [1]. The settlement, reached in May 2025, required Ripple to pay the fine and comply with certain restrictions on institutional sales.Crypto lawyer Bill Morgan asserts that the XRP price stagnation is no longer driven by the lawsuit. He emphasizes that the token's future performance will depend more on adoption and innovation than legal outcomes [1]. Ripple's CEO, Jake Claver, confirmed that the settlement has been paid, further solidifying the legal resolution [1].
The broader XRP ecosystem continues to expand despite the flat price. The Flare Network launched a stablecoin backed by XRP, aimed at improving decentralized finance (DeFi) use cases and increasing on-chain liquidity [1]. Additionally, Gumi, a Japanese gaming and blockchain company, established an XRP treasury worth 2.5 billion yen (approximately $17 million) [1]. Ripple also plans to expand in the African market with its U.S. dollar-backed stablecoin, RLUSD, in partnership with fintech companies like Chipper Cash and Yellow Card [1].
Meanwhile, ShapeShift, a defunct crypto exchange, has agreed to pay $750,000 to settle US Treasury Department sanctions violations. The exchange allegedly processed over $12.5 million in transactions from users in sanctioned countries without a sanctions compliance program . The fine was deemed small, given the exchange's limited assets and closure in 2021.
As the XRP community shifts focus from legal issues to broader adoption and innovation, the token's future price performance will likely hinge on these factors.
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet