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The SEC, under the leadership of Mark Uyeda, dropped its appeal in SEC vs Ripple case for selling unregistered securities and Ripple agreed to drop its corresponding cross-appeal following $50mln USD settlement between the parties
Ripple Labs' settlement with the SEC over the unregistered securities case is still pending approval through an SEC vote
Ripple Labs has agreed to pay a $50 million penalty to settle the U.S. SEC’s lawsuit for selling unregistered securities, resolving the case for less than half of the $125 million court-ordered fine for institutional XRP sales
The SEC, under the leadership of Gary Gensler, sued Ripple Labs in December 2020 for selling XRP tokens as unregistered securities and sought 2 billions in penalties
The judge in the SEC vs. Ripple case ruled in August 2023 that Ripple’s institutional sales of XRP violated securities laws, resulting in a $125 million fine, while sales to retail investors on exchanges were not deemed to violate securities regulations.

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