ShapeShift Crypto Exchange Settles Sanctions Violations for $750K
ByAinvest
Tuesday, Sep 23, 2025 2:52 pm ET1min read
XRP--
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.
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.
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