Ripple may settle with SEC for $50M, joint filing shows
Reduced penalty may indicate regulatory shift
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have filed a joint motion in the Court of Appeals to pause legal proceedings, signaling a potential settlement agreement between the two parties.
The motion to stay the appeal reflects a tentative resolution that now awaits formal approval by the SEC’s internal committee. As part of the proposed terms, Ripple has agreed to pay $50 million, significantly less than the previously agreed $125 million.
Reduced penalty may indicate regulatory shift
The reduction in Ripple’s civil penalty could also signal a shift in the regulatory approach toward digital asset entities.
“The parties have filed a joint motion to stay the appeal based on a settlement agreement. The settlement is pending Commission approval. No briefing will be filed on April 16,” wrote James Filan, a former federal prosecutor and now a prominent legal commentator, on X.
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According to Coincu, market reaction has been muted. XRP experienced minimal volatility, as investors had anticipated this outcome. Still, at the time of writing, XRP had risen 3%, surpassing the $2 mark.
XRP price dynamics for 24 hours. Source: CoinMarketCap
Filan emphasized that the motion to stay is pivotal, as it signals that the long-running legal battle may soon be resolved. Ripple’s Chief Legal Officer Stuart Alderoty also highlighted the strategic importance of this settlement for the company’s future operations.
As we wrote, the U.S. Securities and Exchange Commission (SEC) has recently dropped multiple lawsuits against major crypto firms—including Kraken, Cumberland, and Consensys—yet has notably excluded Ripple Labs from this list.
