Featured News Headlines
Ripple vs SEC: Legal Expert Breaks Down the Final Steps in $50M Settlement Deal
Ripple vs SEC – The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is edging closer to resolution, with both parties actively navigating the settlement approval process. Despite initial procedural hurdles, the settlement — which could slash Ripple’s fine from $125 million to $50 million — remains on track, pending a new court ruling.
Key Developments in the Ripple vs SEC Settlement Process
Prominent legal expert Bill Morgan outlined the ongoing legal milestones in a detailed update. The process began in April 2025, when Ripple and the SEC jointly requested a 60-day pause in their Second Circuit appeals to pursue settlement. That request was granted on April 16, with the SEC filing its first status report on June 16.
Ripple signed the settlement agreement on April 23, while the SEC authorized it during an internal meeting on May 8. The proposed terms include a significant fine reduction and the dismissal of a permanent injunction on Ripple’s future institutional sales.
Judge Torres Initially Denied Key Motion
The parties filed a motion for an indicative ruling on May 8, asking Judge Analisa Torres to approve the revised terms. However, the judge denied the motion on May 15, citing a procedural flaw and lack of exceptional circumstances required under Rule 60.
In response, Ripple and the SEC refiled the motion on June 12, correcting the issues and reinforcing the necessity for judicial approval.
What Comes Next?
With the second motion still pending, the SEC informed the Second Circuit of ongoing progress and requested another 60-day extension, setting a new status deadline for August 15, 2025.
If Judge Torres grants the motion, the parties are expected to seek a limited remand from the appellate court. That would enable the district court to officially reduce the fine and lift the injunction. If successful, the SEC and Ripple will likely move to dismiss their appeal and cross-appeal, signaling the lawsuit’s final closure.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
