Ripple and SEC Seek Settlement in Lawsuit, Aiming for Favorable Outcome

After nearly five years of legal proceedings, Ripple is seeking to resolve its dispute with the U.S. Securities and Exchange Commission (SEC) through a settlement agreement. The two parties are requesting Judge Analisa Torres to modify her previous ruling, remove the injunction against Ripple, and reduce the $125 million fine to $50 million. This request cites ‘special circumstances’ as justification for their proposed compromise. Cryptocurrency legal expert John Deaton believes there is a strong 70% chance the judge will approve Ripple’s settlement request, potentially leading to a definitive judgment in favor of Ripple rather than continuing litigation.