- Ripple may settle its SEC case for just $10–12 million, far less than the initial $125 million fine.
- Ripple may be able to regain escrowed money and remove restrictions now that the SEC has backed off.
Ripple‘s long-running legal saga with the SEC might be reaching a surprising conclusion — and one that will cost the crypto company far less than the court originally mandated. Fred Rispoli believes Ripple only has to pay fractions of the original amount. $125 million fine, with the ultimate fine being in the range of $10–12 million.
Ripple’s $125M SEC fine: Will it disappear or be reduced?!
Fred Rispoli, an attorney at Fred Rispoli & Associates shares what he thinks will happen with Ripple’s $125m fine after the SEC decides to withdraw its appeal.
Full Episode Watch https://t.co/Pl7juFXvkc#xrp #ripple #sec… https://t.co/E409bGMR2l pic.twitter.com/fho8K9nfqm
— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) March 20, 2025
Rispoli is the leader of Hodl Law shared his view In a discussion on the Thinking Crypto Podcast. He called attention to how unusual it was for the SEC to walk away from its appeal after fighting so hard — especially with a hefty $125 million fine already hanging over Ripple.
Ripple was fined $125 million by U.S. district judge Analisa Torres in August 2024. Ripple was found to have failed to properly register its institutional XRP transactions as securities. The company is prohibited from making similar sales.
Ripple Counterpunch: A 10M Dollar offer is still on the table
Ripple’s offer was very different from what the court decided. When responding to SEC’s remedy motion in April 2024 the company proposed a civil penalty of $10 million instead of SEC’s aggressive request for $2 billion. Ripple requested that all additional interest and disgorgement be removed.
Torres did not seem impressed with the proposal at that time. Ripple received a significant fine and permanent injunction. The court battle didn’t stop there. Ripple CEO Brad Garlinghouse announced recently that, while it placed $125,000,000 in escrow as part of its contract with the SEC, the company is taking the money back now. appeal.
Garlinghouse stated that Ripple is also asking for the removal of the injunction — another significant condition in talks that might lead the company to drop its own cross-appeal. Ripple has been emboldened by the SEC retreat, which is evident in their stance. They are not hiding their optimism.
SEC Setbacks and Public Push Plans: Ripple Effect in Control
Stuart Alderoty is the Chief Legal officer at Ripple. He responded with a positive response, noting Ripple’s improved legal position and its strategic advantage. He said that the company will carefully consider the best next course of action in regards to its cross-appeal.
“Ripple is now in the driver’s seat and we’ll evaluate how best to pursue our cross appeal. Regardless, today is a day to celebrate,” Stuart said.
SEC case against Ripple started with a defeat in July 2023. Judge Torres ruled XRP to be sold by Ripple was not a securities. She also won for the SEC by ruling that Ripple’s institutional XRP sale of $728 million did violate securities laws.
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