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.