A lot has happened in the Ripple vs SEC case—appeals were dropped, fines reduced, and a final deal was made. Confused? Here's everything broken down simply:
1️⃣ How It All Started – December 2020:
The SEC filed a case against Ripple, saying it raised $1.3 billion by selling #XRP without proper registration. The big question: Is #XRP a security? This made the whole U.S. crypto industry nervous.
2️⃣ Major Court Decision – July 2023:
Judge Analisa Torres gave a mixed ruling:
#XRP sold to regular (retail) people = Not a security
#XRP sold to big institutions = Is a security
This was a partial win for Ripple but they still had to pay a $125 million fine.
3️⃣ Both Sides Filed Appeals:
SEC appealed the retail investor ruling.
Ripple appealed the institutional investor ruling.
The case dragged on through the end of 2024.
4️⃣ New SEC Boss = Big Change:
In January 2025, Paul Atkins became the new SEC Chair. In March, under his leadership, the SEC dropped its appeal. Ripple also dropped its cross-appeal.
5️⃣ Final Deal – Settlement of $50M:
On March 25:
Ripple agreed to pay $50 million.
Ripple got $75 million back from escrow.
SEC agreed not to stop future #XRP sales.
This deal was officially filed in court on May 8.
6️⃣ One Commissioner Disagrees:
SEC Commissioner Crenshaw strongly disagreed with the deal. She warned it might let Ripple sell #XRP without proper checks again. Some worry this weakens crypto enforcement.
7️⃣ Final Step – Judge’s Approval:
Now, the deal just needs Judge Torres’s approval. Once she says yes, the case officially ends.
Quote: “Once the injunction is lifted… it’s over.”
8️⃣ Why It’s Important:
Ripple can now sell #XRP to institutions freely. The case, which once threatened XRP’s future, ends with:
No guilt admitted
Fine reduced a lot
Ripple gets more freedom
9️⃣ How the Market Reacted:
When the news came out:
#XRP price jumped about 10%
For a short time, #XRP became the 3rd biggest crypto
Positive vibes spread—but the market stayed a bit shaky
🔟 What’s Next?
Just waiting for the judge to approve the deal.
After that:
Ripple’s 4-year legal battle is done
#XRP starts fresh
U.S. crypto regulation moves toward clear rules, not courtroom fights
Thanks for reading!
