XRP lawsuit update today: Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have officially reached a settlement in their years-long legal battle. According to attorney James K. Filan, both parties have asked the court to approve the deal, which includes a $125 million penalty paid by Ripple and the return of $75 million from escrow.
The court still needs to approve several final steps:
If these steps are completed, one of the most high-profile cases in crypto history will officially close.
However, not everyone in the SEC is on board. Commissioner Caroline Crenshaw publicly dissented, calling the settlement a “regulatory retreat” and a threat to investor protection.
“This isn’t a settlement I can support,” said Crenshaw. “Ripple walks away with a reduced penalty and freedom to sell XRP. That’s not a win. That’s a retreat.”
Crenshaw emphasized that Ripple was found guilty of illegal institutional XRP sales, yet received what she describes as a “free pass.”
Crenshaw’s fiery dissent highlights growing divisions within the SEC. She warned that the deal sets a dangerous precedent, potentially weakening future crypto enforcement. Her statement called for judicial scrutiny of the settlement and warned it could damage public trust in the regulator.
While Ripple celebrates, the broader crypto market is taking note of the SEC’s softened stance. The lifted injunction on XRP could lead to broader market optimism, but Crenshaw’s comments raise concerns about the future of U.S. crypto regulation.
Ripple and the SEC have reached a settlement, with Ripple agreeing to pay a $50 million penalty.
Ripple Labs is the company behind XRP, using it for cross-border payments and liquidity solutions.
Following the settlement, XRP’s price has shown positive movement, reflecting renewed investor confidence.
The settlement may signal a more lenient SEC stance, but internal dissent highlights uncertainty in future U.S. crypto enforcement.
StakeStone has teamed up with the Trump family's crypto project, WLFI, to offer cross-chain liquidity…
The U.S. just stumbled on what could have been a breakthrough moment for crypto but…
Brazil’s B3 stock exchange will roll out Ethereum (ETH) and Solana (SOL) futures contracts on…
The crypto market in 2025 is no longer just about riding the waves of the…
Cardano is riding the bullish wave as it joined the broader market rally on Thursday,…
Story Highlights The Pi Network price today is PI price could reach a maximum value…