Ripple and SEC Reach Settlement, ending Long Legal battle
Ripple has decided to end its legal dispute with the U.S. Securities and exchange Commission (SEC). Stuart Alderoty, Ripple’s chief legal officer, announced this on X. Both Ripple and the SEC have agreed to drop their appeals.
Alderoty explained that the SEC will reduce the original $125 million fine to $50 million. The remaining amount will be returned to Ripple. he wrote,”This should be my last update on SEC v Ripple.”
The SEC has also agreed to lift the standard “obey the law” injunction on Ripple.Though, these agreements need approval from the Commission. Final documentation and court procedures must also be completed.
This progress comes as the SEC changes its approach under new interim chair Mark Uyeda. The regulator has dropped several high-profile lawsuits, including those against Coinbase and Kraken. This shift marks a move towards a more pro-innovation stance.
U.S. President Donald Trump’s nominee, Paul Atkins, is expected to become the new SEC Chair soon. This change coudl further influence the SEC’s approach to crypto regulation.
for more details, visit the SEC website.
