HERE is ALL YOU NEED TO Know WHAT HappenedON 8TH May ABOUT XRP SEC SETTLEMENT #Xrp🔥🔥 #XRPSECsettlement
The XRP SEC settlement details are as follows¹ ²:
- *Settlement Amount*: Ripple will pay a $50 million fine, significantly lower than the initial $2 billion sought by the SEC. The remaining $75 million from a $125 million civil penalty will be returned to Ripple.
- *Settlement Date*: The settlement agreement was filed by the SEC on May 8, 2025. Both parties have requested a pause in appellate proceedings while awaiting formal approval.
- *Key Terms*:
- *Injunction Lifted*: The court-issued injunction requiring Ripple to obey the law will be vacated.
- *No Appeal on Core Ruling*: Neither party will seek to vacate or amend the district court's summary judgment ruling that XRP is not a security in programmatic sales.
- *Potential Impact*: The settlement could signal a shift in the SEC's approach to crypto regulation, potentially paving the way for clearer guidelines.
It's worth noting that SEC Commissioner Caroline Crenshaw dissented from the settlement, arguing it undermines investor protection and the court's role in interpreting securities laws.