The US Securities and Exchange Commission (SEC) has submitted a proposed settlement agreement with Ripple Labs to the court, potentially ending the long-standing legal battle over XRP. According to former federal prosecutor James K. Filan, the agreement includes a reduction in the fine imposed on Ripple from $125 million to $50 million. Furthermore, both parties will withdraw their appeals, signaling a desire to conclude the dispute amicably. This move is expected to lead the SEC to request the court to lift the current sales ban on Ripple's XRP token. This development follows a July 2023 court ruling that XRP's programmatic sales did not constitute securities offerings, while sales to institutional investors did. The settlement could provide much-needed clarity to the cryptocurrency market and potentially pave the way for wider XRP adoption. The ultimate outcome hinges on the court's approval of the proposed settlement. ```

#SEC #XRP