Ripple Seeks to Renegotiate SEC Settlement Terms as XRP Climbs 3%

Ripple Labs is reportedly seeking to renegotiate the terms of its settlement with the SEC, according to Fox Business sources. The legal battle, ongoing since December 2020, centers on the SEC's claim that Ripple raised over $1.3 billion through unregistered XRP sales. The move follows a 2023 ruling by Judge Torres, which mandated Ripple to pay a $125 million penalty for institutional XRP sales deemed unregistered securities. While the ruling was initially seen as a partial victory for Ripple, the SEC's recent retreat from crypto investigations, including dropping suits against Coinbase and others, may be influencing Ripple's renegotiation efforts. News of the potential renegotiation caused XRP to climb 3%.