According to Odaily, the U.S. Securities and Exchange Commission (SEC) has officially submitted a settlement agreement with Ripple Labs and its executives, Bradley Garlinghouse and Christian Larsen, on May 8, 2025. This agreement concludes a legal dispute that has lasted four and a half years. Under the terms of the settlement, both parties will jointly request the court to lift the injunction against Ripple from the August 7, 2024, ruling and release funds from the $125 million escrow account. Of this amount, $50 million will be paid to the SEC, while the remaining $75 million will be returned to Ripple.
The agreement also stipulates that if the court agrees to lift the injunction, both parties will withdraw their cross-appeals currently under review by the Second Circuit Court of Appeals. The SEC emphasized that this settlement is aimed at advancing its cryptocurrency regulatory framework reform and does not constitute an acknowledgment of the substantive claims of the case, nor does it set a precedent for other cases.
