$XRP The agreement between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) was formally filed with the court on May 8, 2025. Under the terms, Ripple agreed to pay a fine of $50 million, a significant reduction from the original $125 million fine.
The $50 million settlement between Ripple and the U.S. SEC has not yet received final court approval, and the exact approval date remains unknown.
🧾 Current Legal Status:
On May 8, 2025, Ripple and the SEC filed a joint motion with the U.S. District Court for the Southern District of New York requesting an indicative ruling on:
lifting the permanent injunction imposed in August 2024,
and allowing the distribution of $125 million held in escrow:
→ $50 million to the SEC,
→ $75 million to be returned to Ripple.
After receiving the indicative ruling, both parties plan to petition the Second Circuit Court of Appeals to remand the case back to the district court for final approval.
⏳ Expected Timeline:
Judge Analisa Torres is currently reviewing the motion.
A decision may be issued within the coming weeks, but no formal schedule has been set.
Timing will depend on court workload and whether any additional procedures are required.
⚠️ Internal Disagreements Within the SEC:
One SEC commissioner has publicly objected to the settlement terms, claiming it may undermine the court’s authority and set a bad precedent for future crypto-related cases.
✅ Summary:
✅ Ripple and SEC have reached an agreement,
❌ But final court approval is pending,
⏳ No firm date has been set — the process may take several more weeks.
