News View Non-AMP

XRP Lawsuit Settlement News: Former SEC Attorney says Ripple Has Already Paid ‘$125 Million’

Published by
Anjali Belgaumkar

Ripple’s journey has been nothing short of a rollercoaster, filled with legal battles and regulatory uncertainty. With the recent shift in the U.S. presidency to Donald Trump, Ripple CEO Brad Garlinghouse sees a pivotal opportunity to push for a regulatory overhaul that could finally resolve the ongoing standoff between Ripple and the U.S. Securities and Exchange Commission (SEC). 

This latest turn of events has sparked a wave of excitement and anticipation across the crypto space, as many believe that a favorable regulatory environment could bring XRP’s full market potential.

Hints of a possible settlement have already begun to stir the crypto community. Some users on social media have speculated that a settlement has already been reached but that Ripple has not paid the agreed amount until the case and any appeal are concluded. 

Former SEC lawyer Marc Fagel, however, clarified that there was never a formal settlement. Instead, the court ordered Ripple to pay a penalty, which Ripple has already placed into escrow, awaiting the resolution of the appeal process.

He wrote on X,

“No, there was never any settlement. The court ordered Ripple to pay a penalty, and Ripple has paid that money into escrow awaiting resolution of the appeal.”

Market Leaders Call For Clearer Regulations

Garlinghouse has called for urgent action from the new administration, outlining a roadmap he believes Trump should prioritize within his first 100 days. Chief among his recommendations is the removal of SEC Chair Gary Gensler, whose tenure has been marked by aggressive enforcement actions that many in the crypto community argue have stifled innovation in the U.S. Garlinghouse and other crypto leaders argue that the U.S. is losing its competitive edge in the global digital asset race due to regulatory overreach.

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

Bitcoin All-Time-High in Q2 or $100k Again This Week?

Bitcoin is back in the spotlight after global bank Standard Chartered predicted that the world’s…

April 29, 2025

Two Key Dates for XRP: May 1st and June 9th, Here’s Why

While several financial firms are racing to launch an XRP exchange-traded fund (ETF), the biggest…

April 29, 2025

Will Donald Trump Create a Bitcoin Reserve Tomorrow?

As President marks his first 100 days back in office with a rally hosted by…

April 29, 2025

ProShares XRP ETF Won’t Launch on April 30, Says Bloomberg Analyst James Seyffart

Recently, several crypto media outlets mistakenly reported that the SEC had approved ProShares’ XRP ETFs…

April 29, 2025

XRP Price Prediction Today: When Will Ripple Rally?

XRP is showing strength after breaking above a key Fibonacci resistance area earlier this week.…

April 29, 2025

FTX News: Lawsuits Filed to Recover Assets and Boost FTX Repayment

Even after FTX collapse, the exchange isn't stepping out of the spotlight. In the latest…

April 29, 2025