News View Non-AMP

XRP Lawsuit News: Ripple Reaches Final Settlement with SEC, Pays $50M Instead of $125M

Published by
Anjali Belgaumkar

Ripple has agreed to settle its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC), dropping its appeal and agreeing to pay $50 million of the originally imposed $125 million fine. This settlement marks a likely end to the long legal battle that has been ongoing since the SEC sued Ripple in 2020 over the sale of XRP tokens, which it claimed were unregistered securities.

As part of the deal, the SEC has also requested that Judge Analisa Torres lift the “obey the law” injunction that had been placed on Ripple, which was part of the earlier ruling. With this agreement, Ripple will recover $75 million from escrow, while the SEC will retain $50 million.

Ripple’s Chief Legal Officer, Stuart Alderoty, referred to this as “the final crossing of t’s and dotting of i’s,” signaling that this is likely the last update on the case. He also hinted that once the SEC Commission votes and the necessary court documentation is filed, the case will be officially closed.

SEC vs. Ripple: A Case That Shaped Crypto Regulation

Ripple CEO Brad Garlinghouse had previously announced that the SEC would not continue its appeal. Last week, the SEC agreed to drop its own appeal without any conditions, paving the way for Ripple to follow suit. The long-standing case has been a major point of contention in the cryptocurrency world, with Ripple consistently arguing that the SEC’s actions were more about intimidation than protecting investors.

Garlinghouse opened up about the financial harm caused by the lawsuit, saying that the legal proceedings had potentially wiped out up to $15 billion in value for XRP holders. He also criticized Former SEC Chairman Gary Gensler’s aggressive approach to regulating the crypto industry.

With both parties now agreeing to end their appeals, the SEC vs. Ripple case is set to be concluded, closing another chapter in the ongoing debate over how cryptocurrencies should be regulated in the United States.

FAQs

What happens now that Ripple has settled?

The SEC requested the court to lift Ripple’s injunction. Once finalized, Ripple can focus on growth without legal uncertainties.

How did the SEC lawsuit impact XRP holders?

XRP’s value dropped as exchanges delisted it, causing losses of up to $15B. The lawsuit also discouraged crypto projects from the U.S.

Will the Ripple settlement affect XRP’s price?

The end of the lawsuit may boost investor confidence in XRP, but long-term price effects depend on market trends and regulations.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Binance CZ Shuts Down Delisting Rumors – Is ETH Crashing to $1500?

Ethereum, the second-biggest cryptocurrency, has seen its price fall nearly 13% after briefly touching $2,100.…

March 29, 2025

Top 3 Tokens Under $0.10 That Could Explode Before Q3, MUTM Leads the Pack

Some of the biggest gains in crypto tend to come before the crowd catches on.…

March 29, 2025

Toncoin Price Prediction 2025, 2026 – 2030: Will TON Price Reach $10?

Story Highlights The live price of the TON token is Toncoin price could hit a…

March 29, 2025

XRP Price Hits $21K on Live TV: A Price Glitch Goes Viral

A live TV glitch on the “American Sunrise Early Edition” show caused XRP’s price to…

March 29, 2025

Pi Network Price Drops: Will a Pi Coin Burn Reverse the Trend?

Pi Network's price has been falling, largely due to upcoming token unlocks. Over 1.6 billion…

March 29, 2025

Ethereum Price Drops 20% as Market Experts Warn of $1000 Risk!

Ethereum has taken a sharp hit over the past month, losing nearly 20.4% of its…

March 29, 2025