BlockBeats news, on May 9, according to court documents, Ripple and the U.S. Securities and Exchange Commission (SEC) have reached a settlement agreement, intending to lift the injunction imposed on Ripple in the court's judgment in August 2024, and will pay only $50 million of the $125 million civil penalty to the SEC, with the remaining $75 million returned to Ripple.
Both parties agree not to appeal further and do not request the annulment of the previous judgment. This case, which has been ongoing since 2020, involves 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 approval from the appellate court before it can officially take effect.
