Joint Motion Signals Ripple-SEC Settlement
In a dramatic twist on Friday the 13th, Ripple and the U.S. Securities and Exchange Commission (SEC) filed a joint motion in a Manhattan federal court to modify the existing injunction and release $125 million in escrowed penalties.
Under the proposed deal, $50 million would be allocated to the SEC, while Ripple would reclaim $75 million.
This potential resolution marks a critical moment in one of the longest and most high-profile legal battles in crypto history. If approved by Judge Analisa Torres, both parties will jointly seek limited remand from the Second Circuit Court of Appeals to finalize the settlement.
Impact on XRP Price and Market Activity
Following the news, XRP’s price declined to $2.14, reflecting a 3.85% drop, as traders reacted to the legal uncertainty. Interestingly, XRPās trading volume surged by 58.47%, suggesting that market participants are repositioning ahead of the courtās next move.
Increased volatility signals that investors are closely monitoring the caseās outcome, which could reshape XRPās future.
Ripple Eyes Expansion, IPO Possibility
Resolving the case would lift key legal restrictions on Ripple, potentially allowing it to resume institutional partnerships, including those with major U.S. banks like Bank of America. It could also clear the path for Rippleās long-rumored IPO, which has been on hold amid regulatory scrutiny.
A favorable outcome may position Ripple for accelerated global expansion and stronger regulatory alignment.
This move comes at a time when the SEC appears to be moderating its stance on crypto regulation, guided by a strategic shift under new leadership. Lower penalties and collaborative settlements are now seen as more efficient pathways to enforce compliance in the digital asset space.
Whatās Next for Ripple and the Crypto Industry?
If the joint motion is approved, it could set a legal precedent for other crypto companies facing regulatory pressure. It also reflects a broader industry trend toward settlements and regulatory clarity rather than prolonged litigation.
The proposed agreement could be a turning pointānot just for Ripple, but for the future of U.S. crypto regulation.