SEC Reaches Settlement With Crypto Firm, Seeks Lifting Of Injunction, Penalty

( May 13, 2025, 3:11 PM EDT) -- NEW YORK — The Securities and Exchange Commission reached a settlement with crypto asset firm Ripple Labs Inc. and two of its executives, agreeing to ask a federal court in New York to dissolve an injunction against Ripple and to order all but $50 million of the civil penalty Ripple was ordered to pay to the SEC be paid back to Ripple, which the court ordered after finding the cryptocurrencies sold by Ripple were effectively unregistered securities....