- Ripple settles with the SEC, ending a costly four-year lawsuit.
- The SEC’s appeal withdrawal is anticipated for July 2025.
- XRP’s future remains constrained by institutional sale restrictions.
Ripple Labs, Inc. and the U.S. Securities and Exchange Commission (SEC) have agreed to settle their long-running lawsuit with Ripple paying a $125 million civil penalty. The SEC is set to withdraw its appeal by early July 2025.
This settlement concludes a contentious legal battle initiated in December 2020. It holds significant implications for the crypto industry’s regulation and future dealings with the SEC, setting a precedent for similar cases.
Ripple, represented by CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, agreed not to pursue its cross-appeal, ensuring financial and operational certainty. “Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” said Garlinghouse. “We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.” The SEC’s pending appeal withdrawal will officially mark the end of its legal action against Ripple. This outcome maintains the existing ban on XRP’s institutional sales, impacting Ripple’s operations and strategic market engagements. Essential financial reconciliation includes Ripple’s acknowledgment of a $125 million penalty without its appeal, emphasizing resolution over prolonged legal contention. The legal precedent set by this case influences future regulatory frameworks around token sales and may encourage further clarification and refinement of U.S. crypto regulations.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
