Ripple Seeks to Renegotiate SEC Settlement Amid Evolving Crypto Regulation
Ripple, the blockchain company behind XRP, is seeking to renegotiate the terms of a recent settlement with the U.S. Securities and Exchange Commission (SEC). The company argues that the SEC's shifting stance on crypto regulation raises questions about the need for penalties.
The SEC fined Ripple $125 million in 2024, concluding a six-year legal dispute. The settlement included a payment of the fine and a permanent injunction preventing Ripple from selling XRP to institutional investors. However, Ripple's legal team is pushing for more favorable terms, with negotiations centering on compliance and regulatory clarity post-settlement.
The case against Ripple began in 2020, with the SEC alleging that XRP was an unregistered security. As the case nears completion, both parties are striving to reach a settlement. Ripple seeks to negotiate the terms of the August district court ruling, which imposed the fine and injunction.
Ripple's argument questions the necessity of penalties given the SEC's evolving stance on crypto regulation. Both parties are engaged in negotiations to reach a settlement, with details of the payment and injunction yet to be publicly disclosed.
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