PANews, May 9 - Court documents show that Ripple has reached a settlement agreement with the U.S. Securities and Exchange Commission (SEC) to lift the injunction imposed on Ripple by the court's ruling in August 2024. Ripple will pay only $50 million of the $125 million civil penalty to the SEC, while the remaining $75 million will be returned to Ripple. Both parties agreed not to appeal and not to request the reversal of the previous judgment. This case has been ongoing since 2020, involving the issue of XRP being sold as a security. SEC Commissioner Caroline Crenshaw publicly opposed the agreement, stating that it undermines regulatory authority, disrupts court rulings, and exacerbates regulatory gaps. The agreement still requires a 'declaratory ruling' from the court and must be approved by the appellate court before it can take effect.
