XRP Could Be Part of Ripple’s SEC Settlement in Final Phase of Talks

After years of courtroom tension between Ripple and U.S. regulators, a resolution now seems within reach — and the final settlement could include a surprising twist

The U.S. Securities and Exchange Commission (SEC) and Ripple are now in the final phase of talks to settle the agency’s lawsuit against the crypto firm, with the focus shifting to the form of payment for the financial penalty.

According to a recent report by The Block, sources familiar with the matter have revealed that the parties are discussing the possibility of Ripple settling the remaining amount of the penalty in XRP.

This move would mark a significant shift in how U.S. regulators approach digital assets in enforcement actions and could set a precedent for future cases involving crypto firms.

The agency’s lawsuit, which began in December 2020, centers on claims that Ripple sold unregistered securities to institutional investors. The case has had a significant impact on the crypto industry, with many closely following its progress.

Earlier this year, both parties abandoned their appeals, signaling the long-running conflict is winding down.

A recent court filing described the current status as an “agreement-in-principle” and emphasized the need for additional time to finalize procedural steps. The document also acknowledged that Ripple and the SEC are aligned on closing not only the core case but also the appeals that had stalled the conclusion.

The filing stated: “The parties are continuing to discuss the terms of the proposed settlement and anticipate presenting a final stipulated motion for dismissal and a joint status report by October 5, 2024.”

The parties are discussing the possibility of Ripple settling the remaining amount of the penalty in XRP.

The agency’s lawsuit, which began in December 2020, centers on claims that Ripple sold unregistered securities to institutional investors. The case has had a significant impact on the crypto industry, with many closely following its progress.Earlier this year, both parties abandoned their appeals, signaling the long-running conflict is winding down.

A recent court filing described the current status as an “agreement-in-principle” and emphasized the need for additional time to finalize procedural steps. The document also acknowledged that Ripple and the SEC are aligned on closing not only the core case but also the appeals that had stalled the conclusion.

The filing stated: “The parties are continuing to discuss the terms of the proposed settlement and anticipate presenting a final stipulated motion for dismissal and a joint status report by October 5, 2024.”

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