Ripple and SEC move to finalize settlement, drop appeals

Ripple Chief Legal Officer Stuart Alderotti announced on X that both Ripple and the U.S. SEC have agreed to drop their respective appeals in the long-running legal case. As part of the resolution, the SEC will retain $50 million of the original $125 million fine, with the remainder returned to Ripple. The SEC will also request the court to lift a previously imposed injunction. Finalization remains subject to a Commission vote, court approval and standard legal procedures.