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$XRP Pumps As SEC Files For Ripple Lawsuit Settlement – Is It Actually Game Over?

  • 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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Key Points of the News Unforeseen Legal Gains: Ripple wins a major legal battle against the SEC, recovering $75 million, while the SEC retains $50 million. Market rebound: The price of XRP skyrocketed more than 10% after the announcement, which renewed investors' optimism.Future Expansion: The agreement overcomes regulatory obstacles, positioning Ripple to accelerate innovation and global growth. Ripple has achieved a major legal triumph over th…

Significant point win for Ripple: the SEC withdraws its appeal, the penalty is moderate – and XRP clearly increases. Source: BTC-ECHO BTC-ECHO

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u.today broke the news in on Thursday, May 8, 2025.
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