Key Takeaways
Ripple agreed to a settlement with the SEC, paying a $50M fine.
The SEC will request lifting of the injunction that required Ripple to register future securities.
Ripple and the SEC reached a settlement today, with Ripple agreeing to pay a reduced fine of $50 million — down from the original $125 million penalty imposed in the landmark crypto case — according to a tweet by Ripple’s chief legal officer, Stuart Alderoty.
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an…
— Stuart Alderoty (@s_alderoty) March 25, 2025
The SEC will request Judge Analisa Torres to lift the “obey the law” injunction previously imposed on Ripple, which required the company to register future securities sales.
Both parties have agreed to drop their respective appeals in the case that began in 2020.
The original lawsuit centered on allegations that Ripple conducted unregistered securities offerings through its XRP sales, leading to legal proceedings that lasted nearly four years.
The settlement marks the conclusion of one of the most closely watched cases in the crypto industry once the Commission votes and court documents are finalized.
The conclusion of this case also opens the door for potential XRP ETFs, with several issuers having submitted applications in recent months.
The SEC’s decision to settle aligns with recent trends under the current administration, which has seen the agency drop several enforcement actions against crypto companies.