Big news were announced by Ripple’s CLO last night about Ripple agreeing to pay a reduced fine of $50 million out of the original $125 million penalty imposed by Judge Analisa Torres in 2024.
The legal battle between Ripple and the Securities and Exchange Commission (SEC) is finally drawing to a close. After months of back-and-forth, both parties seem ready to wrap up the case.
The next steps are simple: the SEC Commission needs to hold a vote on the proposed settlement, which will happen within the next 30 days. After this, the SEC will file a motion to lift the existing injunction, which Ripple has already agreed not to contest.
Judge Torres is expected to review and sign off on the motion quickly, likely within 30 days of filing. Experts believe the entire process could be completed in roughly 60 days.
This resolution brings much-needed clarity to Ripple’s legal situation. The reduced fine and mutual agreement to drop appeals showcases both sides' willingness to move forward.
For XRP and Ripple, this marks the end of a long and challenging legal journey. The outcome suggests a potential improvement in the relationship between Ripple and regulators. It may also provide more certainty for XRP holders and the company’s future plans.
While the details are still unfolding, the current indications point to a positive resolution for Ripple.
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