11-4-2025 – Ripple Labs and America’s financial watchdog are on the verge of burying the hatchet in their landmark legal battle, as revealed in Thursday’s court documents.
The potential settlement, awaiting formal approval from SEC commissioners, could draw the curtain on a legal saga that has kept the digital payments sector on tenterhooks since late 2020. The dispute centres on Ripple’s XRP token sales, which regulatory authorities had branded as unregistered securities offerings.
Legal eagle James Filan broke the news via social media, revealing that both parties have reached a preliminary accord to resolve all pending matters. The sweeping agreement encompasses not only the primary regulatory challenge but also extends to separate claims involving Ripple’s top brass, Brad Garlinghouse and Chris Larsen.
The case has emerged as a litmus test for cryptocurrency regulation across the Atlantic, with Ripple steadfastly maintaining that XRP functions as a currency rather than a security, thus challenging the SEC’s regulatory reach. This stance has sparked intense debate within financial and legal circles about the boundaries of digital asset oversight.
Both parties have petitioned the court to temporarily suspend appeal proceedings whilst they fine-tune the settlement’s particulars. This development mirrors recent regulatory détente, following a similar cooling-off period requested by the SEC and Gemini earlier this month regarding their separate dispute over the latter’s Earn programme.
