SEC vs. Ripple lawsuit could end soon as negotiations drag on

Ripple is questioning why it should still be punished if other firms are getting a fresh start.

Key Takeaways

• The SEC's case against Ripple is expected to conclude soon as negotiations continue.
• Ripple's legal team is seeking changes to a court ruling to avoid a $125 million fine.

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The years-long legal battle between the US SEC and Ripple Labs is nearing resolution, as both sides negotiate the details of the August district court ruling, FOX Business journalist Eleanor Terrett reported Wednesday, citing two sources with knowledge of the matter.

🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon.

My understanding is that the delay in reaching an agreement is due to Ripple's legal team negotiating more favorable terms regarding the August…

— Eleanor Terrett (@EleanorTerrett) March 12, 2025

The SEC has withdrawn numerous lawsuits against crypto companies over the past few weeks. These include Coinbase, Gemini, Robinhood, Uniswap Labs, and OpenSea.

The securities watchdog and Consensys also reached an agreement to dismiss the securities enforcement case concerning MetaMask.

As for Binance, the crypto firm and the SEC filed a joint motion to pause their ongoing litigation for 60 days. The regulator also paused its civil fraud lawsuit against Justin Sun, with both sides reportedly seeking a resolution.

The delay in reaching a settlement stems from Ripple’s legal team seeking to modify terms of the ruling, which included a $125 million fine and a permanent injunction preventing Ripple from selling XRP to institutional investors.

Ripple’s attorneys are arguing that if the SEC’s new leadership is clearing enforcement actions against previously-targeted crypto firms based on the premise that regulatory clarity will address underlying issues, Ripple should not face penalties.

Sources indicate that accepting Judge Torres’ ruling as it stands would amount to Ripple acknowledging wrongdoing at a time when the SEC itself appears uncertain about whether violations occurred.

The unique nature of this regulatory scenario has contributed to a longer resolution timeline compared to other crypto-related cases before the SEC.

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