Big news were announced by Ripple’s CLO last night about Ripple agreeing to pay a reduced fine of $50 million out of the original $125 million penalty imposed by Judge Analisa Torres in 2024.
It’s also important to note that the remaining $75 million will be refunded to Ripple from the escrow account. Last week it was confirmed that the SEC will drop its appeal without any conditions, and now Ripple has agreed to drop its cross-appeal as well.
Pro-crypto lawyer Fred Rispoli weighed in on the situation on X as he posted a clear timeline of what’s next now in terms of legal timeline.
The Legal Path Forward
The Ripple and SEC legal battle is drawing to a close. After months of back-and-forth, both parties seem ready to wrap up the case. The next steps are straightforward:
The SEC Commission will hold a vote within the next 30 days. After this, the SEC will file a motion to lift the existing injunction. Ripple has already agreed not to contest this motion.
UPDATED SEC v. RIPPLE TIMELINE
— Fred Rispoli (@freddyriz) March 25, 2025
With the announcement by @s_alderoty, you better believe the paperwork has been drawn up already.
Now we wait on a vote by SEC Commission (less than 30 days).
Then we wait on filing by SEC to lift injunction, which will be unopposed by @Ripple.…
Judge Torres is expected to review and sign off on the motion quickly, likely within 30 days of filing. Experts believe the entire process could be completed in roughly 60 days.
This resolution brings much-needed clarity to Ripple’s legal situation. The reduced fine and mutual agreement to drop appeals show both sides are looking to move forward.
For XRP and Ripple, this marks the end of a long and challenging legal journey. The outcome suggests a potential improvement in the relationship between Ripple and regulators. It may also provide more certainty for XRP holders and the company’s future plans.
While the details are still unfolding, the current indications point to a positive resolution for Ripple.
Read also: Crypto Expert Updates XRP Price Prediction, and It’s Shocking
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