SEC Reaches Settlement Agreement with Ripple and Two of Its Leaders
The Securities and Exchange Commission (SEC) has reached a settlement agreement with Ripple Labs, Inc., and its leaders, Bradley Garlinghouse and Christian A. Larsen, marking a milestone in resolving their civil enforcement case.
Filed on May 8, 2025, the agreement outlines requests for the district court to dissolve its August 7, 2024, injunction against Ripple and release the $125,035,150 civil penalty held in escrow.
As part of the arrangement, $50 million will be paid to the SEC, while the remainder will return to Ripple. Both parties will seek a limited remand to finalize these terms and dismiss appeals currently pending in the Second Circuit.
This announcement is a significant development for Ripple and the XRP community, bringing closure to a long-standing legal battle and offering renewed optimism for its future.