The long -standing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) seems to be finally near an end, with Ripple Emerging Victorious.

SEC returns the brother party of $ 125 million court, which was ordered fine paid by Ripple last year, according to a Tuesday x post from Ripple’s Chief Legal Officer Stuart Alderoty, holding only $ 50 million and returning the $ 75 million balance to Ripple.

The proposed settlement that is subject to commissioner and legal approval comes just a week after SEC agreed to submit his appeal from US district judge Analisa Torres’ 2023 decision that Ripple’s programmatic sales of XRP to retail exchanges did not violate federal securities laws. Torres found that only Ripple’s institutional sales violated securities legislation and ordered Ripple to pay $ 125 million fine. Although fiercely, the fine was a pure fraction of the nearly $ 2 billion in civilian sanctions, disgorgement and prejudice that SEC originally requested.

As part of the pending settlement agreement, Ripple has agreed to drop his cross -eye of SEC’s appeal. Alderoty also said SEC will ask the court to lift the standard bid imposed on Ripple.

The XRP ran 1.5% higher in the minutes after the news before paringing some of the winnings and changing hands on about $ 2.47 recently. The token was down to 0.5% over the last 24 hours in line with Bitcoin (BTC) and the wider crypto market Benchmark Coindesk 20 Index’s performance.

A representative of SEC did not immediately respond to Coindesk’s request for comment.

– Krisztian Sandor contributed reporting.