Ripple and SEC Move to Settle Case With Proposed $125M Agreement

In Brief:

Ripple and the SEC jointly filed for a $125 million settlement to end their legal battle.

the proposal includes $50M to the SEC and $75M returned to Ripple, pending court approval.

Ripple and the U.S. Securities and Exchange Commission (SEC) have taken a major step toward resolving their multi-year legal dispute, filing a joint motion with the Southern District of New York to approve a $125 million settlement.

According to court documents, $50 million would be paid to the SEC, while $75 million would be released back to Ripple. The proposed agreement also includes a request for a formal injunction and aims to avoid ongoing appeals or future litigation.

‍

The filing, reported by Fox Business journalist Eleanor Terrett, signals growing cooperation between the two parties. Though the court has yet to approve the motion, the move represents a significant shift from the previously adversarial posture of both sides.

A successful resolution could have wide-ranging implications. For Ripple, the return of funds would provide capital for further expansion and innovation in blockchain payments. For XRP, the digital asset associated with Ripple, a legal resolution could restore investor confidence and potentially drive renewed market activity.

The development may also serve as a model for future crypto-related regulatory settlements, highlighting a possible change in the SEC’s approach to enforcement.

This latest filing follows an earlier rejected motion in May but reflects “exceptional circumstances,” according to Terrett—potentially including shifts in SEC policy and a desire to avoid prolonged legal battles.

‍