SEC Moves to Finalize Ripple Settlement
The U.S. Securities and Exchange Commission has formally notified Judge Analisa Torres of a settlement with Ripple, signaling the nearing end of their long-running legal dispute.
In a recent court filing, the SEC asked the judge for an indication of how she would rule if the case is returned to her courtroom—something that’s expected now that the appeals process has been paused.
This step follows a decision by the Second Circuit to hold off on the appeal, giving both parties time to finalize the deal.
Once the case is sent back to the district court, the judge would have the authority to officially approve the agreement, and both Ripple and the SEC would then be free to withdraw their respective appeals.
As part of the proposed terms, Ripple’s penalty has been significantly reduced—from $125 million to just $50 million—with the remainder set to be refunded.
The court would also need to agree to lift the injunction imposed last August as part of the final ruling.
Importantly, neither side is seeking to challenge Judge Torres’s earlier decision from July 2023, which found that XRP sales to institutional investors violated securities laws, but its programmatic sales did not fall under the same classification.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
