The proposed settlement, which is subject to commissioner and court approval, comes just a week after the SEC agreed to drop its appeal of U.S. District Court judge Analisa Torres’ 2023 ruling that Ripple’s programmatic sales of XRP to retail exchanges did not violate federal securities laws.
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Ripple Labs' settlement with the SEC over the unregistered securities case is still pending approval through an SEC vote
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The SEC, under the leadership of Mark Uyeda, dropped its appeal in SEC vs Ripple case for selling unregistered securities and Ripple agreed to drop its corresponding cross-appeal following $50mln USD settlement between the parties
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