Ripple reaches a settlement agreement with the SEC, which may end a four-year litigation dispute

2025-05-09 08:24:35

Collection

ChainCatcher news, according to official information, Ripple Labs has reached a formal settlement with the U.S. Securities and Exchange Commission (SEC). Both parties have submitted the agreement to a New York court, which, if approved, will end the long-standing litigation surrounding the XRP token that began in 2020. Ripple will pay a $50 million fine, significantly lower than the SEC's previous demand of $2 billion and the court's earlier ruling of $125 million.

According to the agreement, both parties will withdraw their respective appeals. This settlement is also seen as a sign of the SEC's shift in its cryptocurrency regulatory strategy.

Previous news, Ripple agreed to waive its cross-appeal, and the SEC will retain $50 million of the $125 million fine.

(Source Link)

Related tags

Ripple SEC litigation dispute

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

U.S. SEC Regulatory Trends

Since June 5, the U.S. SEC has consecutively filed lawsuits against Binance and Coinbase. What are the contents of the SEC's lawsuits? Can Binance and Coinbase weather the storm? What new policies will the SEC introduce for the cryptocurrency market?

Column