The U.S. Securities and Exchange Commission (SEC), Ripple Labs, co-founder Christian Larsen, and CEO Brad Garlinghouse filed a joint settlement agreement letter on May 8, lawyer James Filan ...

The Securities and Exchange Commission and Jeffrey De Laveaga – one of three defendants charged by the SEC with defrauding investors in connection with approximately $284 million of municipal ...

according to a settlement agreement filed Thursday. Of that, $50 million would go to the SEC and the rest would be returned to Ripple, the SEC said.

The SEC, then under the leadership of former Chair Gary Gensler, appealed Torres’ ruling, prompting Ripple to cross-appeal. Under the settlement agreement, both parties agree to drop their cases.