Ripple Labs and the SEC have reached a settlement in their long-running lawsuit, agreeing to a $50 million fine—far below the SEC’s original $2 billion demand. If approved by a New York federal court, the deal would end the legal battle over Ripple’s XRP sales to institutional investors. Both parties have agreed to drop all appeals. The settlement comes as the SEC, under new chairman Paul Atkins, shifts away from aggressive crypto enforcement.