19.06.2025 03:34

Ripple and the Securities and Exchange Commission (SEC) have jointly requested Judge Analisa Torres of the Southern District of New York to approve their proposed settlement, bringing an end to the protracted legal battle surrounding XRP. This significant development aims to resolve the long-standing dispute and clarify the regulatory status of XRP, a cryptocurrency.

The settlement, if approved, would see Ripple accept reduced penalties compared to what they might face if the case proceeded to a full trial. Crucially, the agreement also seeks to uphold previous rulings in the case, which favored Ripple’s position on certain aspects of the litigation. This underscores a willingness from both sides to find common ground, even if it requires some concessions.

Ripple's legal team, in their formal petition, stressed the urgency of Judge Torres' approval. They emphasized the considerable time and resources already expended on the case, arguing that a swift resolution is in the best interest of all parties involved. Furthermore, this settlement presents an opportunity to establish a clearer legal framework for the cryptocurrency industry as a whole.

The SEC's concurrence with Ripple's request indicates a significant shift in their previously robust stance. By agreeing to the settlement, the regulatory body acknowledges the need for a definitive resolution and potentially accepts a degree of compromise. This settlement, therefore, carries significant implications for the future regulation of digital assets and offers a potential blueprint for resolving similar conflicts. The approval of this joint motion hinges entirely on Judge Torres' decision, the outcome of which will undoubtedly shape the future of XRP and the broader cryptocurrency market.