The legal fight between Ripple and the U.S. Securities and Exchange Commission (SEC) is officially over. Last week, the SEC decided to drop its appeal, clearing the way for a final resolution that both sides have now agreed on.
As part of the settlement, Ripple will pay a $50 million fine, which will be held in an interest-bearing account. Additionally, Ripple has agreed to drop its cross-appeal, meaning they won’t challenge the SEC’s earlier rulings anymore.
A key part of the resolution is that the court will lift the injunction (a legal restriction) that had been placed on Ripple at the SEC’s request. This means Ripple can now operate freely without that limitation. Stuart Alderoty, Ripple’s Chief Legal Officer confirmed the news and said: “The SEC dropped its appeal, and Ripple dropped its cross-appeal.”
While some paperwork and court steps still need to be finalized, legal experts expect the remaining process to go smoothly. Attorney Fred Rispoli provided a timeline for the final steps: “With the announcement by @s_alderoty, you better believe the paperwork has been drawn up already. Now we wait on a vote by SEC Commission.”
Rispoli explained the timeline:
The SEC decided not to pursue further legal action, allowing both sides to finalize the case and move forward.
The resolution removes legal uncertainty, which may boost XRP adoption and investor confidence.
In recent months, many major companies around the world have started buying large amounts of…
Many crypto investors dream about the day their favorite coin takes off — and for…
As the month of May draws to a close, investors are searching for the best…
This week’s crypto spotlight shines brightly on a select group of coins capturing investor interest…
Most investors who passed on Bitcoin early didn’t lack belief — they lacked access, context,…
Is meme coin season peaking, or just getting smarter? Right now, Kaspa (KAS) market sentiment…
