SEC Files for $50 Million Settlement With Ripple Over XRP Lawsuit

By: cryptonews|2025/05/09 07:15:01

The Securities and Exchange Commission and Ripple Labs have officially settled a long-running lawsuit—over four years after the regulator went after the fintech firm. Wall Street's top regulator the SEC announced the settlement Thursday, after Ripple execs said in March that the agency was backing off. Ripple and two of its executives, CEO Brad Garlinghouse and Executive Chairman Chris Larsen, will pay a total of $50 million to the SEC to settle the case, the announcement said. Ripple had previously disclosed the $50 million agreement in March. The SEC under previous Chair Gary Gensler—who went hard after major crypto companies during the Biden administration—had initially requested that Ripple pay a $2 billion fine. District Court Judge Analisa Torres ordered Ripple to pay a $125 million fine last year. The SEC said that under the settlement agreement filed with the court Thursday, $50 million will go to the regulator, with the remainder of the escrow funds (just over $75 million) going back to Ripple. Judge Torres must approve the agreed-upon settlement. Decrypt could not immediately reach Ripple for comment. The SEC in 2020 hit Ripple with a $1.3 billion lawsuit, alleging that the company sold unregistered securities in the form of the cryptocurrency XRP to investors to raise funds. Then, in 2023, a judge ruled that programmatic sales of XRP on cryptocurrency exchanges to retail investors did not qualify as securities. The ruling was cheered by both Ripple and the crypto industry, despite the judge also ruling that $728 million worth of tokens for institutional sales did constitute unregistered securities sales. Since President Donald Trump took office, the SEC under its new leadership has taken a softer stance towards the crypto space and has scrapped a number of lawsuits and investigations. President Trump campaigned with promises to help the crypto industry. XRP is the fourth-biggest digital coin in existence, with a market cap of over $132 billion. Ripple's founders created XRP, and the firm now uses it for its payments services. The price of XRP rose following the news; the cryptocurrency is now priced at $2.30, up more than 8% in over a 24-hour period, CoinGecko shows . Edited by Andrew Hayward

The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...

What is the key to competition in crypto banking?

Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Top 5 Cryptos to Buy in 2026 Q1: A ChatGPT Deep Dive Analysis

Explore the top 5 cryptos to buy in Q1 2026 including BTC, ETH, SOL, TAO, and ONDO. See price outlooks, key narratives, and institutional catalysts shaping the next market move.

How to Earn $15,000 with Idle USDT Before Altcoin Season 2026

Wondering if altcoin season is coming in 2026? Get the latest market update, and learn how to turn your idle stablecoins waiting for entry into extra rewards up to 15,000 USDT.

Can You Win Joker Returns Without Large Trading Volume? 5 Mistakes New Players Make In WEEX Joker Returns Season 2

Can small traders win WEEX Joker Returns 2026 without huge volume? Yes—if you avoid these 5 costly mistakes. Learn how to maximize card draws, use Jokers wisely, and turn small deposits into 15,000 USDT rewards.

Altcoin Season 2026: 4 Stages to Profit (Before the Crowd FOMO In)

Altcoin Season 2026 is starting — discover the 4 key stages of capital rotation (from ETH to PEPE) and how to position before the peak. Learn which tokens will lead each phase and avoid missing the rally.

Will Alt season come in 2026? 5 Tips to Spot the Next 100x Crypto Opportunities

Will altcoin season arrive in 2026? Discover 5 rotation stages, early signals smart traders watch, and the key crypto sectors where the next 100x altcoin opportunities may emerge.

Circle Product Management Director: The Future of Cross-Chain: Building an Interoperability Technology Stack for Internet Financial Systems