Ripple Labs and the U.S. Securities and Exchange Commission have jointly filed a legal motion proposing a $125 million settlement that could conclude their prolonged litigation. The Rule 60(b) motion requests judicial approval to restructure terms including a $50 million payment to the SEC and the removal of previous injunctions against Ripple.
Legal analyst Bill Morgan describes the motion as a pragmatic solution to end years of regulatory ambiguity impacting Ripple and the broader cryptocurrency industry. The proposed settlement aims to prevent exhaustive appeals processes that threaten to drain resources and hinder sector innovation. Crucially, the case resolution could establish key precedents regarding securities law applicability to digital assets, potentially reshaping future regulatory frameworks.
Pending Judge Analisa Torres’ determination, this tentative agreement could bring closure to the landmark litigation. A favorable ruling would provide unprecedented regulatory clarity while eliminating protracted legal uncertainties that have shadowed cryptocurrency markets.