Through its World Food Programme, the United Nations hopes to collect $50 million in aid to assist some 500,000 people affected by the earthquakes that struck Venezuela on June 24.

Stephanie Hochstetter, head of the organization in the country, stated from La Guaira/Vargas State—the most devastated coastal region—that this amount “will not cover the entire disaster.”

According to the official, who spoke via videoconference, the WFP has already distributed emergency rations to thousands of people in the area. She also highlighted that the UN agency “currently has 3,000 metric tons of food stored in the country, enough to feed more than 10,000 families for two months.”

Hochstetter added that the program “is working on local purchases and coordinating with its teams in Colombia the rapid transfer of additional reserves. The goal is to scale up the response to cover half a million people in the coming months.”

The priority is to provide those affected with food, drinking water, shelter, medical assistance, and access to basic services. These efforts will complement the organization’s response during the earthquakes, when it “released $15 million in emergency funds and deployed more than 2,200 rescuers from 25 countries.”

M.Pino

Source: infobae

(Reference image source: Bernd 📷 Dittrich on Unsplash)

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The dispute between the crypto company Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has come to an end after four years, following an agreement to pay a $50 million fine.

This is a bitter court battle, in which Ripple has been accused since 2020 of conducting unregistered securities offerings through its XRP sales. The agreement sets a precedent for the industry in the country, given a regulatory landscape that is expected to become stricter.

Ripple has agreed to pay the fine, according to Stuart Alderoty, the company’s chief legal officer. The figure is much lower than the initial $125 million. According to the executive, there will be other specifications that Ripple must meet. The company will also “request the Court to lift the standard injunction previously imposed at the SEC’s request.”

The resolution announced this Tuesday was in favor of the parties, who “agreed to withdraw their respective appeals, which definitively closes the case without further legal disputes.”

M.Pino

Source: diariobitcoin

(Reference image: Bermix Studio on Unsplash)

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La entrada Ripple to pay $50 million fine to the SEC to settle judicial case apareció primero en Bitfinance.