$BTC The SEC closes the deal with Ripple for 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 an indicative ruling from the court to overturn the judgment issued in 2023.
They seek to lift the restrictions on institutional sales of XRP arising from that judgment.
Ripple and the Securities and Exchange Commission (SEC) of the United States sealed a definitive agreement, marking 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 reported by the SEC 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.
