As of today, Saturday, April 12, 2025, the case of the U.S. Securities and Exchange Commission (SEC) against Ripple and its digital currency XRP has seen significant developments.
Appeal Dismissed: Ripple agreed to dismiss its appeal against the SEC, reducing the fine from $125 million to $50 million.
Approaching Final Settlement: Reports indicate that the case is nearing its end, with expectations of a settlement in the coming months.
Impact on XRP Price: The XRP currency recorded gains of 2% after rumors about the company nearing an agreement with the SEC, reflecting investor optimism regarding the end of the case.
Overall, these developments suggest that the legal dispute between Ripple and the SEC is approaching its conclusion, which could open the door for Ripple to expand its operations and enhance XRP's position in the cryptocurrency market.