SEC Concludes Ripple Lawsuit with $125 Million Fine and Sales Injunction

The U.S. Securities and Exchange Commission (SEC) has officially concluded its lawsuit against Ripple Labs, a dispute that began in December 2020. The SEC accused Ripple of selling unregistered securities through XRP token sales. As part of the resolution, Ripple agreed to pay a $125 million fine, a penalty upheld by U.S. District Judge Analisa Torres.

A noteworthy aspect of the ruling is the injunction placed on XRP sales to institutional investors, which are now recognized under securities law. However, the sale of XRP on public exchanges is not subject to this restriction, representing a nuanced stance by the courts on crypto asset classification.

Ripple's attempt to reduce the fine to $50 million was rejected by the court, citing the absence of exceptional circumstances that would warrant such a reduction. With appeals dismissed, the fine and the injunction remain enforceable, bringing formal closure to the legal battle. Ripple’s chief legal officer has confirmed that the lawsuit is officially over.

This conclusion comes amid a broader trend of the SEC adopting a more measured approach to crypto regulation, as seen by its recent decisions to cease enforcement actions against notable platforms like Binance, Coinbase, and Kraken.

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