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SEC and Ripple Finalize $50 Million Settlement in XRP Case

The agreement ends a four-year legal battle, returning $75 million to Ripple and signaling a shift in the SEC's approach to crypto enforcement.

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Overview

  • Ripple Labs and the SEC have jointly filed for court approval of a $50 million settlement to conclude their protracted legal dispute over XRP token sales.
  • The settlement reduces a prior $125 million penalty imposed by the court in 2023 and returns over $75 million held in escrow to Ripple.
  • Both parties have agreed to drop their appeals, with the settlement awaiting approval from District Judge Analisa Torres.
  • SEC Commissioner Caroline Crenshaw criticized the settlement, arguing it undermines investor protections and weakens the agency's enforcement credibility.
  • The resolution reflects a broader policy shift under new SEC leadership, as the agency retreats from aggressive crypto litigation pursued in previous administrations.