Ripple Settles With SEC For $50 Million, XRP Avoids Security Label

On April 16, 2025, the crypto market faced two significant events: the conclusion of the Ripple vs SEC lawsuit and a key speech by Federal Reserve Chair Jerome Powell. These developments are poised to shape investor sentiment and the near-term direction of crypto assets.

The Ripple vs SEC lawsuit, which has been ongoing for nearly a decade, reached a critical juncture on April 16. This was Ripple’s final deadline to file its appellate brief. With no extension granted, Ripple had two options: submit the filing or reach a settlement. Sources close to the matter indicate that a settlement has been reached. According to the reported agreement, the SEC has dropped its appeal, while Ripple has agreed to pay a $50 million fine and withdraw its own counter-appeal. Notably, there will be no official declaration labeling XRP as a security, which is seen as a significant victory for the XRP community.

Attorney Fred Rispoli on X highlighted that Ripple had only two options by April 16. He explained that Ripple could not ask for more time, so they had to either file their appeal, which he believed had just a 10% chance of success, or announce a settlement or withdrawal, which he thought was much more likely, with a 90% chance.

Later on April 16, Federal Reserve Chair Jerome Powell is scheduled to deliver a speech at the Economic Club of Chicago. With U.S. inflation easing and election-year pressure building, Powell’s comments may provide insights into the Fed’s outlook on future rate cuts. The market currently anticipates two rate cuts in 2025, possibly starting in June or September. However, Powell has repeatedly emphasized caution, citing persistent inflation risks and global uncertainty. His speech could significantly influence Bitcoin, altcoins like XRP, and broader equity markets, depending on whether he adopts a dovish or hawkish tone.