PANews reported on May 9 that court documents showed that Ripple and the U.S. Securities and Exchange Commission (SEC) have reached a settlement agreement to lift the ban imposed on Ripple by the court in August 2024, and to pay only $50 million of the $125 million civil fine to the SEC, and return the remaining $75 million to Ripple. Both parties agreed not to appeal or request the revocation of the previous judgment. The case has been filed since 2020 and involves the sale of XRP as a security. SEC Commissioner Caroline Crenshaw publicly opposed the agreement, saying that it would undermine regulatory authority, undermine court rulings and exacerbate regulatory gaps. The agreement still needs the court to make an "indicative ruling" and obtain the approval of the appellate court before it can officially take effect.