It’s (Almost) Over XRP Holders: Ripple and SEC File Joint Motion to Settle – What Happens Next?
Both Ripple and SEC have filed a joint motion to hold the appeal in abeyance based on the parties’ agreement to settle. Now, the settlement awaits commission approval.
Ripple and the SEC might finally end their legal fight after more than four years. The case began in December 2020 and has been a constant worry for XRP holders. Both sides have now asked to pause their appeals because they’ve agreed to settle. This means Ripple won’t need to submit its appeal brief that was due on April 16.
The settlement deal reportedly has Ripple paying $50 million in fines instead of the original $125 million. The SEC has stopped fighting about XRP tokens sold on public exchanges. At the same time, Ripple has dropped its fight about institutional XRP sales.
This agreement shows both sides want to end the dispute. It’s a big moment in a case that has gone on for years. XRP supporters and legal experts are now waiting to hear from Judge Analisa Torres about this motion.
#XRPCommunity #SECGov v. #Ripple #XRP The parties have filed a joint motion to hold the appeal in abeyance based on the parties’ agreement to settle. The settlement is awaiting Commission approval. No brief will be filed on April 16th. pic.twitter.com/OVKPCIh43H
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) April 10, 2025
What you'll learn 👉
What Happens Next in the Ripple-SEC Settlement Process?
The settlement between Ripple and the SEC isn’t finalized yet. Several key steps remain before this landmark case truly concludes:
First, the SEC commissioners must approve the settlement. The agreement requires internal approval from the SEC’s five commissioners through a majority vote. This is a standard procedure for enforcement actions of this magnitude. Once approved, the settlement terms, including the reduced $50 million fine, will become binding.
Even with the joint motion to pause the appeal, Judge Analisa Torres might still issue an “indicative ruling” on remaining issues in the case. This would be especially relevant if there are unresolved matters related to institutional sales or remedies. Such a ruling would provide insight into how the court views aspects of the case that weren’t fully settled.
Finally. The parties had to do something before the Ripple brief was due on 16 April. At least we now have a public acknowledgement by the SEC of the settlement. Interested to see what indicative ruling will be sought from Judge Torres. https://t.co/NhZz5DXRqI pic.twitter.com/r5kJMOsgCK
— bill morgan (@Belisarius2020) April 10, 2025
After approval, both parties will likely withdraw their appeals formally. Ripple had been appealing parts of the ruling about institutional XRP sales, while the SEC was challenging the ruling on programmatic (public exchange) XRP sales.
Read also: XRP Price Prediction for Today and This Weekend (April 11 – 13)
Final Resolution
Once the Commission approves the deal, Ripple will pay the $50 million penalty. This represents a substantial reduction from the previously proposed $125 million and likely concludes all monetary penalties in this case.
The settlement provides crucial clarity for both Ripple and XRP holders. XRP will maintain its status as not classified as a security for public sales. Ripple gains much-needed regulatory certainty for its operations in the United States. Perhaps most importantly, this removes a major legal cloud that has affected XRP’s market performance for more than five years.
This resolution marks a significant moment in crypto regulation history, potentially setting precedents for how digital assets might be classified and regulated in the future. For XRP holders who have weathered years of uncertainty, the end appears to be in sight – though final approval from the SEC commissioners remains the last major hurdle.
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