Ripple’s XRP Lawsuit is Finally Over as the SEC Will Return $75 Million

By: beincrypto|2025/05/09 06:00:06
0
Share
copy
Ripple has reached a settlement with the SEC, agreeing to pay $50 million of the initially proposed $125 million penalty. The remaining $75 million will be returned to the company. Both parties will drop their appeals if the court lifts the longstanding injunction against Ripple.Ripple Vs. SEC is Officially Over This marks the official end of one of the most prolonged legal disputes in the crypto sector. The case, filed during Gary Gensler’s tenure at the SEC, has been closely watched across the digital asset industry.Ripple, which has maintained financial stability throughout the legal proceedings, appears well-positioned to accelerate its growth. The resolution comes at a time when the company is benefiting from a regulatory environment that has shifted under President Trump’s administration.Next Steps: Judge Torres needs to provide an indicative ruling as to whether the Court would: (1) dissolve the injunction and release the escrow with $50 million going to the SEC and the balance back to Ripple; (2) if Judge Torres provides the indicative ruling, the SEC and...— James K. Filan (@FilanLaw) May 8, 2025Last month, Ripple acquired prime brokerage firm Hidden Road for a record $1.2 billion. The firm was also in talks with Circle, the issuer of USDC, regarding a possible $5 billion acquisition. According to reports, that offer was declined. With the lawsuit closed and a large portion of the penalty returned, Ripple is likely to intensify its acquisition strategy in the US and abroad.The legal resolution may also impact XRP’s regulatory standing. The case helped solidify the view that XRP functions as a commodity, not a security. That clarification could pave the way for the approval of an XRP ETF.Prediction markets currently place the odds of an XRP ETF being approved by the end of July at 39%, though that may shift following the settlement.XRP’s price climbed nearly 10% today, though analysts believe much of the news was already priced in, as the terms of the settlement were publicly anticipated weeks ago.XRP Daily Price Chart. Source: TradingViewRipple’s relationship with US regulators also appears to be improving. Despite speculation earlier today suggesting President Trump was misled into endorsing XRP as part of the national crypto reserve, Ripple’s lobbying ties to the administration are well documented. The company has actively engaged with policymakers and is now seeing the benefits of that strategy.The post Ripple’s XRP Lawsuit is Finally Over as the SEC Will Return $75 Million appeared first on BeInCrypto.

-- Price

--

You may also like

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com