🔵Ripple has formally reached a settlement agreement with the SEC, intending to close the case and withdraw the lawsuit for $50 million DeThings, May 9 (UPI) -- Ripple and the U.S. Securities and Exchange Commission (SEC) have reached a settlement agreement to lift the injunction imposed on Ripple in the court's August 2024 judgment and pay only $50 million of the $125 million in civil fines to the SEC, and return the remaining $75 million to Ripple. The parties agreed not to appeal and not to request the revocation of the previous judgment. The case, which has been prosecuted since 2020, involves the issue of XRP as a sale of securities. SEC Commissioner Caroline Crenshaw has publicly opposed the agreement, saying it undermines regulatory authority, undermines court rulings and exacerbates regulatory gaps. The agreement is still subject to an "indicative ruling" by the court and the consent of the Court of Appeal before it can come into force.

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