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Ripple Settlement Update: No, They’re Not Paying the SEC in XRP
The ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has been a topic of much speculation. Recently, rumors have been circulating that Ripple may pay its fine to the SEC in XRP tokens instead of cash. However, this notion has been put to rest by former SEC official Marc Fagel.
According to Fagel, Ripple is not paying the fine in XRP. Instead, the amount has already been set aside in an escrow account and will be paid in cash once the court makes a decision. This clarification comes as a relief to the XRP community, which had been growing anxious about the potential impact of such a move on the token’s value.
The speculation surrounding Ripple paying its fine in XRP was fueled by the current market uncertainty. Some analysts believed that paying the fine in XRP could have led to an increase in the token’s value as investors sought to capitalize on the situation. However, with this update, it seems unlikely that XRP will be used for the settlement.
Despite this news, the XRP price had dropped by over 2% recently due to rumors surrounding a potential government seizure of Ripple’s escrowed XRP. However, following President Trump’s announcement of a ceasefire deal between Iran and Israel, crypto prices spiked today, with Bitcoin climbing above $106,000 and XRP posting gains of around 6%.
The recent update has also alleviated concerns about the delay in the Ripple vs. SEC case. According to Bill Morgan, an expert in the field, it is unlikely that the case will drag on until late 2026 unless Judge Torres rejects the current joint proposal. Instead, both parties are likely to accept a summary judgment, along with a penalty and permanent injunction.
As the court waits for a key SEC filing by mid-August, the XRP community remains vigilant, awaiting further developments in the case. While there have been rumors of uncertainty surrounding the outcome, experts say that “it could go either way,” but there is no indication of a delay into 2026.
Source: coinpedia.org
