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The SEC and Ripple have filed a joint settlement agreement letter.

On May 8, 2025, the SEC and Ripple jointly submitted a settlement letter to the Southern District Court in New York City requesting the dissolution of the August 2024 injunction against Ripple.
This filing follows the SEC's December 2020 lawsuit accusing Ripple of unlawfully offering unregistered securities and a final judgment from August 2024 ordering Ripple to pay $125 million in penalties.
The letter requests that $50 million of the $125 million penalty be paid to the SEC and that the remaining funds held in escrow be returned to Ripple as part of the settlement agreement.
SEC Commissioner Caroline Crenshaw and legal experts warned the settlement would weaken the court’s role and create a regulatory vacuum until new crypto rules are established.
If approved by Judge Torres, the settlement would end the enforcement action and appeals, but it may leave regulatory uncertainty surrounding XRP’s status pending further rulemaking.

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The SEC and Ripple have filed a joint settlement agreement letter.

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