Ripple and SEC Reach Joint Settlement in Ongoing Lawsuit

Ripple Labs and the Securities and Exchange Commission (SEC) have reached a proposed settlement agreement in their ongoing legal dispute over XRP sales being unregistered securities. The settlement, which requires approval from Judge Analisa Torres, will see Ripple return $75 million to the SEC while paying an unspecified penalty of $50 million to the agency. The joint motion represents a significant step towards resolving a lengthy and complex case. This agreement could potentially lead to increased market activity for XRP as it removes a legal overhang and clarifies regulatory standards for digital tokens.