$ETH 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 a ruling from the court to reverse the sentence issued in 2023.

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

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

As the SEC reports in an official statement published on May 8, the agency presented 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.