The lawsuit against Ripple, initiated by the SEC in December 2020, is nearing its conclusion. Ripple and the SEC have filed a joint motion to release $125 million held in escrow, with $50 million allocated for a civil penalty against Ripple and $75 million set to be returned to Ripple, pending court approval. The parties argue this resolution would prevent further appeals and efficiently close 4.5 years of litigation. The case is considered a pivotal moment for cryptocurrency regulations in the U.S., with its conclusion symbolizing a victory for the crypto industry. In July 2023, Judge Analisa Torres ruled that secondary sales of the XRP token were not securities, benefiting Ripple. However, sales made during funding rounds were classified as securities. Ripple agreed to settle, relinquishing its cross-appeal, which allowed it to retain $75 million of the penalty. This development marks a significant step in Ripple's long-standing legal battle.

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