From Yahoo Finance: 2025-05-08 18:48:00

The U.S. Securities and Exchange Commission, Ripple Labs, Christian Larsen, and Brad Garlinghouse filed a joint settlement agreement letter on May 8, aiming to dissolve the injunction in the 2024 judgment and release a $125 million escrow, with $50 million to the SEC and the rest to Ripple.

If Judge Analisa Torres grants the ruling, both parties plan to seek relief through the U.S. Court of Appeals for the Second Circuit, marking progress in the long-standing securities violations case against Ripple. The case dates back to December 2020 when the SEC sued Ripple for allegedly selling $1.3 billion in unregistered XRP tokens.

Following a landmark summary judgment by Judge Torres in July 2023, where institutional token sales were deemed a securities violation but not those to retail investors, the case took a turn in 2025 when President Trump began his second term. In March, Ripple and the SEC reached a historic settlement, reducing Ripple’s penalty from $125 million to $50 million.

Ripple’s chief legal officer, Stuart Alderoty, donated $300,000 in XRP to Trump’s campaign in June 2024, while Ripple Labs contributed $5 million in XRP to Trump’s inaugural committee. Despite the legal battles and political ties, XRP was trading at $2.27, up 7.2% at press time, according to Kraken’s price feed.

Read more: Ripple and SEC submit joint settlement