Ripple and SEC Seek Final Settlement Approval in Court – Coincu

Ripple and the U.S. SEC submitted a joint motion to the U.S. Court of Appeals requesting an “abeyance” of their proceedings, anticipating a final settlement agreement.

The agreement is a crucial step in concluding the prolonged legal battle initiated over XRP’s classification as a security. Ripple is represented by Chief Legal Officer Stuart Alderoty and CEO Brad Garlinghouse, while SEC awaits committee approval under Chair Paul Atkins.

Ripple and SEC Dispute Nearing Resolution with $50 Million Penalty

The motion, filed on April 10, 2025, signals Ripple and SEC’s joint effort to resolve their dispute through settlement. This marks a pivotal moment in their ongoing legal proceedings started in 2020. Ripple has agreed to a reduced civil penalty of $50 million, highlighting a significant shift from the initial proposed fines.

XRP’s price saw a minor increase, rising 1.7% to reach $2.45 following the announcement. This reflects investor confidence in a favorable resolution. Ripple’s submission for settlement awaits approval by the SEC committee, which if granted, will be followed by a confirmatory court ruling on the agreed terms.

Ripple’s Chief Legal Officer Stuart Alderoty termed this advancement as the completion of formalities necessary for the settlement. Former U.S. federal prosecutor James K. Filan shared optimism about the posture of the settlement, stating formal briefs planned for April 16 were canceled as a result.

Potential Regulatory Clarification Boosts Institutional Adoption Prospects

Did you know? In a historical context, previous crypto legal challenges, such as those faced by Telegram and Kik, also concluded with settlements that involved reduced penalties, illustrating the progressive approach regulators might be taking with digital assets.

CoinMarketCap data shows XRP trading at $1.99 with a market capitalization of $115.687 billion. 24-hour trading volume fell sharply, marking a 51.32% reduction, while price movements reflect a 1.54% downturn in the past 24 hours. Over the past 30, 60, and 90 days, XRP dropped by 10.15%, 16.60%, and 15.67%, respectively.

The Coincu research team suggests that regulatory clarity achieved through this settlement could encourage broader institutional adoption of XRP. This clarity potentially impacts other digital assets by establishing clearer benchmarks for regulatory compliance, thereby enhancing market stability and innovation.