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After years of legal wrangling, it looks like the US SEC and Ripple Labs might finally be approaching the finish line. According to a report from FOX Business journalist Eleanor Terrett on Wednesday, citing inside sources, both sides are currently in talks to finalize the details of the August district court ruling.

🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon.

My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August…

— Eleanor Terrett (@EleanorTerrett) March 12, 2025

So, what’s causing the hold-up in reaching a final settlement? Apparently, Ripple’s legal team is trying to tweak some aspects of the court ruling. Specifically, they’re focused on that $125 million penalty and the permanent block on selling XRP to big institutional investors.

Here’s the core of Ripple’s argument: their lawyers are pointing out that the SEC’s new bosses seem to be dropping cases against other crypto companies, arguing that clarifying the rules is enough to fix things. If that’s the approach for others, Ripple wonders, why should they still be slapped with penalties?

Insiders suggest that if Ripple simply accepts the ruling as it is, it could be seen as them admitting they did something wrong. And the tricky part is, even the SEC doesn’t seem completely sure if any actual violations took place in the first place!

This whole situation is quite unique on the regulatory front, which is a big reason why it’s taking longer to sort out compared to other crypto cases the SEC has dealt with.

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