Ripple and the SEC have faced a long legal battle over the sales of XRP. In 2020, the SEC charged Ripple with a $1.3 billion unregistered securities offering. A favorable ruling for Ripple emerged in 2023, but the SEC appealed, leading to ongoing complications. Despite announcements that the SEC would drop its appeal, several legal hurdles have stalled the final resolution. In March 2025, Ripple revealed it would pay $50 million instead of the original $125 million fine, followed by a request to suspend appeals. However, a federal judge rejected their settlement attempts in May and June, leading to a reaffirmation of the original penalty. The saga continues as Ripple's CEO announced their decision to drop the cross-appeal, which could signal an end to the protracted litigation. With each move adjusting the stakes, the outcome remains to be finalized as they await court approval to conclude the case.

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