SEC wants to resolve long-running case against crypto firm Ripple Labs for $50M

The Securities and Exchange Commission has offered to settle its long-running lawsuit against cryptocurrency firm Ripple Labs for $50 million, the latest in a series of pullbacks by the agency on ongoing crypto lawsuits. 

The proposed joint settlement, announced Thursday by the SEC, would fine Ripple Labs $50 million and allow the remaining $75 million of the $125 million in escrow set aside in the original judgment, issued by the court in an August 2024, be returned to Ripple.