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After four years of intense legal wrangling, the high-profile case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has finally reached its conclusion. The prolonged lawsuit, which has kept the crypto world on edge, appears to be over. However, despite assurances from Ripple CEO Brad Garlinghouse, XRP supporters are still awaiting official confirmation from the SEC.
SEC’s Final Decision: Delayed Announcement?
A document circulating online recently suggested that the SEC would not make a formal announcement regarding the lawsuit until August 7. However, former SEC lawyer Marc Fagel dismissed the claim, calling it “stupid and wrong.” Others pointed out that the document was outdated, further casting doubt on its legitimacy. Despite ongoing speculation, the SEC’s silence continues to fuel uncertainty within the XRP community.
🚨Breaking news: SEC Won’t Make Official Announcement on Lawsuit Until August 7. $XRP pic.twitter.com/fKHFzpNCNi
— Brett (@Brett_Crypto_X) March 27, 2025
Settlement Terms: Ripple and SEC Reach Agreement
Last week, the SEC formally dropped its appeal against Ripple without any conditions. In response, Ripple agreed to withdraw its cross-appeal. As part of the settlement, Ripple will pay a reduced fine, with the SEC retaining $50 million of the original $125 million penalty. The remaining balance will be returned to Ripple, currently held in an interest-bearing escrow account.
Injunction and Final Steps
One significant aspect of the settlement is the lifting of the standard injunction previously imposed at the SEC’s request. However, this process is not instantaneous. The SEC must first conduct an internal vote before requesting Judge Analisa Torres to lift the injunction. These final steps are expected to unfold in the coming weeks.
With the lawsuit nearing its official closure, XRP holders are eager to see how this development impacts the token’s regulatory status and market value. The resolution of this case could set a precedent for future cryptocurrency regulations, potentially influencing how digital assets are classified in the U.S.
Also Read: Crypto Analyst: XRP Set to Dominate Bitcoin & Ethereum
While the legal chapter may be closing, the long-term implications for Ripple and the broader crypto industry remain to be seen. Until the SEC’s final confirmation, the crypto community remains watchful.
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.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
