SEC Files for $50 Million Settlement With Ripple Over XRP Lawsuit

Description

The SEC and Ripple Labs finalized a settlement to end their four-year legal dispute over XRP sales, with Ripple agreeing to pay $50 million instead of the initially sought $2 billion, subject to court approval.

Authors

Mat Di Salvo

Publish date

May 9, 2025

Publisher

Decrypt

Web URL

https://decrypt.co/318636/sec-ripple-50-million-settlement-xrp

Referenced by

SEC reaches settlement with Ripple

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News story

The SEC in 2020 hit Ripple with a $1.3 billion lawsuit, alleging that the company sold unregistered securities in the form of the cryptocurrency XRP to investors to raise funds. Then, in 2023, a judge ruled that programmatic sales of XRP on cryptocurrency exchanges to retail investors did not qualify as securities.

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Quote

Ripple and the SEC have now wrapped up the case—and Ripple will pay $50 million to settle it.

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