US SEC and Ripple Submit Latest Filings on $125 Million Fine, Seeking to End Years-Long Lawsuit

According to a report by Jinse Finance, the U.S. Securities and Exchange Commission (SEC) and Ripple have submitted their latest filings to the court, jointly requesting a ruling on the $125 million penalty in hopes of concluding their nearly five-year legal dispute. In the court documents, both parties referenced the SEC’s significant shift in its regulatory stance toward cryptocurrencies. Previously, the SEC had filed a lawsuit against Ripple, alleging that its sale of XRP tokens violated securities laws. With the evolving regulatory landscape, both sides are now seeking a final resolution to bring this landmark cryptocurrency regulatory case to a close.