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XRP’s final settlement with the SEC has been delayed because Ripple’s $125 million penalty is still in escrow and has not been transferred to the U.S. Treasury, pending the withdrawal of both Ripple’s and the SEC’s appeals. Since the SEC has not yet withdrawn its appeal in the XRP case, Ripple’s $125 million penalty remains in escrow.

 

The transfer to the U.S. Treasury is on hold until both parties withdraw their appeals, although Ripple paid the money in cash.

The case remains open, and the funds are kept safely in escrow.

The SEC is still appealing, but Ripple has withdrawn its cross-appeal. Marc Fagel, a former SEC attorney, explained that a joint dismissal is needed for the escrow to be released. Judge Torres’s decision is not final until the SEC completes an internal vote to approve dismissal, so the penalty stays in escrow until then.

Recent Washington initiatives, such as SEC Chair Paul Atkins’s “Project Crypto,” aim to modernize securities regulations. These regulatory changes suggest a more targeted approach, treating fewer tokens as securities. This evolving landscape could speed up the resolution of cases like the XRP lawsuit against Ripple. The penalty was paid in cash, not XRP tokens.

The penalty will not be transferred until the court’s decision is final and Ripple and the SEC jointly withdraw their appeals. Until then, the money remains in escrow.