After nearly five years of courtroom drama, the Ripple vs. SEC case is finally reaching its last chapter. In a joint move, Ripple and the U.S. Securities and Exchange Commission have asked a New York court to release $125 million in escrow funds, marking the end of a long fight.
Meanwhile, XRP is no longer seen as a security in the secondary market, giving a boost to XRP price, which is now trading around $2.15.
What started in December 2020 as a case in which the U.S. SEC first sued Ripple, accusing the firm of raising $1.3 billion through unregistered XRP sales.
Now, after several key rulings and appeals, both Ripple and the SEC have come to a final agreement.
According to their joint filing, $50 million from the escrow account will go to the SEC as a civil penalty, while Ripple will receive the remaining $75 million, pending court approval.
In their letter to the court, the parties said this move avoids further appeals and officially brings the lengthy lawsuit to a close.
This motion follows Judge Analisa Torres’s 2023 ruling, which clarified that XRP is not a security when traded on secondary markets. That judgment gave Ripple and the broader crypto industry a huge boost in credibility.
However, the court had also found that early XRP sales to institutional investors did qualify as securities.
Even Ripple CEO Brad Garlinghouse hailed the SEC’s decision to drop its appeal, calling it a “milestone moment” for the entire industry.
Following the news, XRP has shown signs of recovery despite the recent market dip. The token is currently trading at around $2.16, reflecting a jump of 2.45% in the last 24 hours.
Meanwhile, experts see a key resistance at $2.35, with potential upside toward $2.44–$2.60 if momentum builds. On the downside, support lies near $2.05.
While not a complete win, Ripple secured a significant partial victory with the ruling that XRP is not a security on secondary markets, leading to a settlement.
The Ripple vs. SEC lawsuit is concluding, with both parties jointly asking for $125 million in escrow funds to be released as part of a final settlement agreement.
The agreement avoids further appeals and provides crucial legal clarity for XRP, boosting credibility for Ripple and setting a precedent for the broader crypto industry.
Story Highlights Bitcoin is currently trading at: Predictions suggest BTC could reach $175K in 2025.…
Crypto markets used to move four-year cycles, driven by Bitcoin halving, interest rates, and major…
On Friday, the Vietnamese government launched a national blockchain platform, NDAChain, to protect information across…
Hedera has grabbed the spotlight in the crypto market, with a surge of over 12%…
Recently, Florida-based Wellgistics Health, Inc, a pharmaceutical distribution and healthcare company filed with the U.S.…
Last night witnessed a remarkable 20% surge in Mutuum Finance (MUTM), a promising decentralized finance…
