#CryptoComeback The SEC closes the deal with Ripple over XRP sales

The agency accepts Ripple's proposal and both parties will go to court to request the release of the fine of USD 125 million.

by Glenda González May 8, 2025 Reading time: 3 minutes

The price of XRP rose 13% after the news. Source: Grok.

The price of XRP rose 13% after the news. Source: Grok.

They will request the court for an indicative ruling to overturn the sentence issued in 2023.

They seek to lift the restrictions on institutional sales of XRP resulting from that ruling.

Ripple and the U.S. Securities and Exchange Commission (SEC) have sealed a definitive agreement, representing a significant advancement towards resolving the lawsuit. This was filed by the agency during Joe Biden's administration, accusing the company of violating securities laws.

As reported by the SEC in an official statement published this May 8, the agency submitted a settlement agreement that establishes a framework to resolve the SEC's civil enforcement action against Ripple. The plan presented by the company a few months ago is accepted with the idea of reaching a joint agreement regarding the ruling issued by Judge Analisa Torres.#CryptoComeback