Ripple Case Ends: SEC Drops Appeal, $50M Settlement Achieved

After years of legal wrangling, Ripple’s long-running dispute with the U.S. Securities and Exchange Commission (SEC) has reached a resolution. The company has agreed to drop its cross-appeal against the SEC, ending a case that began in December 2020. As part of the settlement, Ripple will pay $50 million of the original $125 million fine imposed by the SEC, with the remaining $75 million being refunded to the company. The SEC will also request the court to lift an injunction previously placed on Ripple. This marks a significant shift in one of the most impactful regulatory battles within the crypto world.