The post Ripple and SEC Case Close with $125M Escrow Deal in Joint Court Filing appeared first on Coinpedia Fintech News
After nearly five years of courtroom drama, the Ripple vs. SEC case is finally reaching its last chapter. In a joint move, Ripple and the U.S. Securities and Exchange Commission have asked a New York court to release $125 million in escrow funds, marking the end of a long fight.
Meanwhile, XRP is no longer seen as a security in the secondary market, giving a boost to XRP price, which is now trading around $2.15.
Joint Filing By Ripple & SEC
What started in December 2020 as a case in which the U.S. SEC first sued Ripple, accusing the firm of raising $1.3 billion through unregistered XRP sales.
Now, after several key rulings and appeals, both Ripple and the SEC have come to a final agreement.
According to their joint filing, $50 million from the escrow account will go to the SEC as a civil penalty, while Ripple will receive the remaining $75 million, pending court approval.
In their letter to the court, the parties said this move avoids further appeals and officially brings the lengthy lawsuit to a close.
XRP’s Legal Status Now Clear
This motion follows Judge Analisa Torres’s 2023 ruling, which clarified that XRP is not a security when traded on secondary markets. That judgment gave Ripple and the broader crypto industry a huge boost in credibility.
However, the court had also found that early XRP sales to institutional investors did qualify as securities.
Even Ripple CEO Brad Garlinghouse hailed the SEC’s decision to drop its appeal, calling it a “milestone moment” for the entire industry.
XRP Price Holds Steady
Following the news, XRP has shown signs of recovery despite the recent market dip. The token is currently trading at around $2.16, reflecting a jump of 2.45% in the last 24 hours.
Meanwhile, experts see a key resistance at $2.35, with potential upside toward $2.44–$2.60 if momentum builds. On the downside, support lies near $2.05.