icon
icon
icon
icon
$300 Off
$300 Off

News /

Articles /

Ripple's $75M Fine Reduction Awaits SEC's April 10 Decision

Coin WorldWednesday, Apr 9, 2025 10:35 pm ET
1min read

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is approaching a critical juncture. According to Ripple executives, the SEC has agreed to return $75 million of the $125 million fine imposed on Ripple last year, leaving Ripple with a remaining payment of $50 million to settle the case. However, the SEC has yet to officially confirm this agreement.

The SEC has scheduled a closed-door meeting for April 10, which is expected to be pivotal. Ripple's deadline to file its response in the appeal process is just days later, on April 16. If the SEC decides to withdraw its appeal regarding Ripple’s XRP sales during this meeting, the case could potentially be resolved. Otherwise, the legal battle may continue in court.

Legal expert Fred Rispoli, who has been closely following the case, predicts that something significant will happen before or on April 16. He estimates a 90% chance that the case will either settle or the appeal will be withdrawn, leaving only a 10% chance that Ripple will need to file its legal brief. Rispoli suggests that the two sides have likely reached an agreement behind the scenes, but the SEC has not made any public announcements yet, which is standard procedure for them.

The appeal in question revolves around whether Ripple’s XRP sales on exchanges were illegal. A judge had previously ruled that these sales were not securities, a significant victory for Ripple and the broader cryptocurrency industry. If the SEC officially drops its appeal, it would be a major step toward concluding the case permanently.

All eyes are now on the SEC’s April 10 meeting. If the SEC takes action, the legal battle could finally come to a close by April 16. Until then, Ripple’s fate and a key moment for crypto regulation remain in limbo. The outcome of this case could have far-reaching implications for the regulation of digital assets, setting a precedent for how other cryptocurrencies are treated in the future.

Comments

Add a public comment...
Post
User avatar and name identifying the post author
itsjustsciencee
04/10
The SEC's $75M return is like a chess move, but the endgame's near
0
Reply
User avatar and name identifying the post author
BetterPlayerTopDecks
04/10
Holy!Those $MSTF whale-sized options block were screaming danger! � Closed positions just in time profiting more than $414
0
Reply
User avatar and name identifying the post author
NeilCh
04/10
@BetterPlayerTopDecks Sold at the right time, profited big. I should've been more aggressive, could've made more. FOMO hitting hard now.
0
Reply
User avatar and name identifying the post author
p_m_a
04/10
@BetterPlayerTopDecks What was the duration of holding those MSTF options? Curious how long you were in the trade.
0
Reply
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App