Ripple will pay a fine of 50 million USD to settle with the SEC, down from the original 125 million USD penalty. The SEC is expected to lift the injunction requiring Ripple to register future securities sales.
Both Ripple and the SEC will drop their respective appeals, concluding a high-profile legal battle over XRP that began in 2020, stemming from allegations of unregistered securities offerings.
This settlement not only finalizes one of the crypto industry’s most watched cases but also opens possibilities for XRP ETFs, as issuers have recently submitted applications, reflecting a shift in the regulatory landscape.