It’s finally over! Stuart Alderoty, Ripple’s chief legal officer, announced that the company has concluded its long and arduous legal battle with the U.S. Securities and Exchange Commission, a fight that has spanned more than four years.

In a welcome development, Alderoty revealed that the SEC will significantly reduce the initially hefty $125 million fine levied against Ripple last August by Judge Analisa Torres. Instead of the full amount, the agency will now only seek to recover $50 million as part of the court’s final judgment.

Adding to the positive news, the SEC is also set to request the court to lift the injunction previously issued by Judge Torres. This injunction had restricted Ripple from selling XRP tokens to institutional investors.

While the agreement still requires a formal internal vote within the SEC to be fully finalized, approval is widely expected. This anticipation stems from the agency’s apparent shift towards a more favorable stance on crypto.

As previously covered by U.Today, the SEC’s decision to drop its appeal against Ripple last week had already triggered a brief rally in XRP’s price.

Following Alderoty’s latest announcement of the settlement, the price of XRP saw a marginal increase of just 1.25%. This minimal reaction suggests that market participants appear to have largely factored in the resolution and moved beyond this particular legal development.