SEC and Ripple Labs Case Could Soon Reach a Conclusion

In a significant development, the long-standing legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs may be nearing its end. Crypto reporter Eleanor Terrett, citing reliable sources, shared this update on Wednesday.

Behind the Delay in Reaching an Agreement

According to the sources, the delay in finalizing an agreement stems from Ripple's legal team's efforts to secure more favorable terms. This follows a Manhattan court judge's August 2024 ruling, which ordered Ripple to pay $125 million in penalties to the SEC for improper XRP cryptocurrency selling.

Ripple's Stance on the Fine

Ripple's team argues that with the new SEC leadership aiming to reset relations with previously targeted crypto firms, the company questions the necessity of paying a fine. They believe that achieving regulatory clarity should resolve the underlying issues without the need for financial penalties.