XRP News Today: Ripple SEC Case Nears Resolution With $50 Million Penalty

The legal battle between Ripple and the SEC appears to be nearing its conclusion, with recent court filings and procedural steps indicating a coordinated effort by both parties to reach a resolution. The momentum has shifted from active litigation to negotiated outcomes, following a period of appeals and proposed reductions in financial penalties. If the current pace continues, the case could be resolved within weeks.

Ripple and the SEC have made several filings in recent months that suggest a mutual desire to settle. According to legal expert Bill Morgan, Ripple signed the settlement agreement on April 23, 2025, followed by the SEC on May 8. Both parties then filed a motion to pause the ongoing appeal process for 60 days starting April 16. On June 12, they submitted a second joint motion addressing procedural concerns under Rule 60, seeking an “indicative ruling” from U.S. District Judge Analisa Torres. If the court grants this ruling, the parties will request a limited remand from the appellate court to finalize the agreed-upon resolution.

Once the limited remand is granted, Ripple and the SEC plan to file a joint motion for final relief. This includes dissolving the prior injunction and confirming a $50 million penalty, down from the SEC’s initial $125 million demand. Legal observers believe this reduced fine reflects Ripple’s cooperation and the court’s earlier ruling that XRP sales on public exchanges did not constitute securities. Attorney James K. Filan reported that Ripple also filed a supplemental letter in support of the indicative ruling, strengthening its legal position. That filing reaffirms Ripple’s commitment to the terms already outlined and aligns with recent regulatory efforts to streamline crypto oversight.

This legal shift coincides with broader changes in U.S. crypto regulation. Since Trump took office, a new SEC task force has prioritized clarity in digital asset classification. The move follows 2024 court decisions that approved spot Bitcoin ETFs, setting a precedent for more favorable crypto rulings. Ripple’s active engagement with the shifting regulatory approach may have helped drive the SEC’s willingness to settle. By aligning with these developments, Ripple positioned itself to close the case without further litigation.

If the court issues the expected ruling and remand proceeds as planned, both parties aim to dismiss their appeals within weeks. The outcome could lift a major legal cloud over XRP, which has faced years of uncertainty since the lawsuit began in 2020.