On June 27, 2025, Ripple Labs announced a settlement with the U.S. Securities and Exchange Commission (SEC). (Source: Reuters, June 27, 2025) The company agreed to pay a reduced civil penalty of $50 million.
Ripple CEO Brad Garlinghouse stated the company would drop its cross-appeal. The SEC is also expected to drop its appeal. (Source: Reuters, June 27, 2025)
The settlement comes after a judge rejected a joint request by the SEC and Ripple to approve a settlement that would reduce Ripple's fine. XRP saw a modest increase of 1.4% following the news. (Source: Reuters, June 27, 2025)