From Yahoo Finance: 2025-05-08 17:26:00

Ripple Labs and the SEC have agreed to a $50 million penalty to settle their legal battle. The deal, pending judge approval, would end the years-long dispute over Ripple’s sale of XRP tokens. The settlement follows a 2023 ruling that found Ripple violated securities laws.

Under former Chair Gensler, the SEC appealed the ruling, leading to Ripple’s cross-appeal. Now, both parties have agreed to drop their cases, bringing the battle to a close. The settlement confirms Ripple’s announcement of reaching an in-principle agreement with the SEC in March.

The settlement coincides with the SEC’s shift away from crypto investigations under new leadership. XRP saw a 9% increase in value following the news. Ripple has not commented on the settlement agreement.

Read more: SEC, Ripple Ink $50M Settlement Agreement, Ask NY Judge for Green Light