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The long-running legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken another unexpected turn, leaving the cryptocurrency community and legal experts questioning the case’s true status. Ripple CEO Brad Garlinghouse recently stated that the case has been settled, with Ripple agreeing to pay a reduced fine of $50 million, down from the originally proposed $125 million. This development, which would mark the end of years of legal uncertainty, is a significant reduction in the financial penalty and could bring closure to a case that has shaken the crypto industry.
However, despite Ripple’s claims, the SEC has not confirmed the settlement, leaving room for confusion. The regulatory agency has yet to release an official statement, leading many to wonder whether the dispute is truly resolved or still ongoing. In an unexpected twist, the SEC filed an opposition to a motion from Justin W. Keener, who claims to possess “decisive evidence” that could benefit Ripple’s case. The SEC’s response to this motion has raised further questions, particularly after it argued that the case was still under appeal and that the District Court no longer had jurisdiction.
Adding to the uncertainty, legal expert Bill Morgan highlighted a potential contradiction in the SEC’s position. The agency’s filing seemed to contradict Ripple’s assertion of a settlement, stating that the case is still in the appeal process. This creates a confusing situation for those following the case, as both parties appear to be presenting conflicting narratives.
Such an odd thing that Ripple say the Appeal and Cross-Appeal is settled but the SEC writes to Judge Torres that the matter is still on appeal. Settled but not quite over. https://t.co/TpNv2DcKoE pic.twitter.com/XFAKJAzUUP
— bill morgan (@Belisarius2020) April 9, 2025
With so much at stake, the cryptocurrency world is eagerly awaiting clarification from the SEC. Investors, XRP supporters, and legal experts are hoping for an official statement to finally put an end to the ambiguity and confirm whether the case is truly settled or if further legal battles are ahead. As it stands, the Ripple-SEC saga remains an open question with no clear resolution in sight.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Ripple vs. SEC Takes a Twist: ‘Odd Filing’ Fuels XRP Price Breakout Attempt
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
