The long-standing legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple Labs over XRP sales has reached its final stage. Following recent changes in cryptocurrency regulations by the US government ahead of the elections, the SEC has pushed for a settlement with Ripple.

In a significant development, the SEC has already reached a settlement with Terraform Labs and Do Kwon for violating securities laws, resulting in a $4.47 billion settlement. The SEC has filed a court document stating that a settlement with Ripple is imminent. Ripple recently filed a notice of supplemental authority regarding the Terraform Labs consent judgment, which led to the $4.47 billion settlement.

Ripple has been adamant that it will not agree to the SEC's demands, emphasizing that XRP is not a security and that there are no victims to compensate. The court has ruled in favor of Ripple, and the company is thriving despite the legal battle. The SEC has also dropped its initial demand for a $2 billion fine, now seeking a $102.6 million fine for the $876.3 million XRP sales found to have violated securities laws.

The recent legal developments have helped establish a robust support level for the XRP price, currently around 50 cents. The large-cap altcoin, with a fully diluted valuation of about $49 billion, is bolstered by notable Ripple-backed developments and acquisitions. In recent news, Ripple acquired Standard Custody to complement Metaco services and announced a web3 fund for South Korean and Japanese web3 developers. Additionally, Ripple unveiled an EVM-compatible sidechain on the XRPL amid the anticipated launch of its fiat-backed stablecoins.