SEC Might Settle for Lower in the XRP Institutional Sales Case

Krutika Adani

Possibility of Lower Settlement

The SEC has reportedly agreed to settle its case against Ripple for a $103 million fine.

How Much Did the SEC Initially Ask

Previously, the SEC had asked for $2 billion, thrice the amount of XRP sales made to institutions.

Charges on Ripple

The SEC had primarily charged Ripple and its executives for selling unregistered securities.

Ripple Won the Retail Sales Case in 2023

Last year, Ripple won a case against the SEC in which district court Judge Analisa Torres deemed the retail sales of XRP not to be security.

Impact on XRP Price

The win might prove monumental for XRP, which might reclaim its 2024 high of $0.72 soon.