SEC and Ripple Settle XRP Lawsuit With $50 Million Payment, Dropping Appeals Pending Court Lifting Injunction

5 posts • GPT (4.1 mini)

Published May 8, 2025, 08:42 PM

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have reached a settlement in their long-standing lawsuit concerning the XRP cryptocurrency. According to a joint motion filed in the U.S. District Court for the Southern District of New York, Ripple will pay $50 million, which is less than half of the original $125 million penalty initially imposed.

The settlement agreement includes provisions for both parties to drop their appeals if the court agrees to lift the injunction related to the case. The SEC has formally filed the settlement agreement letter, signaling the closure of the case. Ripple executives Brad Garlinghouse and Chris Larsen are also part of the settlement. Despite earlier uncertainty when Ripple claimed the SEC withdrew its appeal without confirmation, the recent filings confirm the resolution of the dispute.

More breaking stories on DeepNewz — updated live.

#SEC #Ripple Labs #Ripple #Brad Garlinghouse #Chris Larsen

Associated Financial Markets

More financial news and market updates→

Related Prediction Markets

Ripple ETF approved by July 31?

Ripple ETF approved in 2025?

What price will XRP hit in May?

•

View market suggestions→

Sources

TFTC

@TFTC21

The SEC and Ripple have reached a settlement agreement. Ripple will pay $50 million, less than half of the original $125 million penalty. Both sides will drop appeals if the court lifts the injunction. https://t.co/2bYeLHz3yG

Eleanor Terrett

@EleanorTerrett

🚨JUST IN: The @SECGov has announced a settlement with @Ripple, @bgarlinghouse and @chrislarsensf. The parties have agreed that Ripple will pay $50M of the original $125M penalty, with the rest being returned to them. Both sides will drop appeals if the court agrees to lift https://t.co/7rAEzFFJ5z

MartyParty

@martypartymusic

Breaking: #SEC @Ripple case is closed. A joint motion filed by @Ripple and the #SEC in the U.S. District Court for the Southern District of New York indicates that the parties have reached a settlement agreement and are seeking an indicative ruling to terminate the injunction https://t.co/PB0qEUWYnO