SEC Drops Hammer on Ripple: XRP Settlement Reached After Years-Long Crypto Showdown
Regulators finally close the book on one of crypto’s most-watched legal battles—but the industry’s still waiting for clearer rules.
The gavel falls:
After half a decade of courtroom drama, the SEC and Ripple have inked a deal. No more ’security’ vs. ’currency’ debates—just a signed document and a collective sigh of relief (or exhaustion).
What’s next for XRP?
Price pumps 18% on the news, because nothing makes traders happier than regulatory uncertainty being swept under the rug—for now.
Wall Street’s take:
’See? The system works!’ says the same guy who still thinks blockchain is a type of ski binding.
SEC vs Ripple Settlement
Under the proposed agreement, Ripple WOULD pay $50 million to the SEC to fully satisfy the penalty, while the remaining funds would be returned to Ripple.
The SEC and Ripple also informed the court that, if the request is approved, they will petition the U.S. Court of Appeals for the Second Circuit to send the case back to the district court to finalize the settlement.
If Judge Torres agrees to the proposed settlement terms, it would likely end the appeals and close one of the most closely watched enforcement actions in the cryptocurrency industry. A resolution could also have broader implications for how digital assets are regulated in the United States.
Also Read: Will xrp price Join BTC, ETH Rally? Analyst Eyes $27 Target
