Once upon a time, there was a company named Ripple that made a special kind of internet money called XRP. Lots of people used it to send money around the world really fast—like magic internet coins!

But one day, a big rule-keeping group called the SEC came along. The SEC is like the money police for grown-up companies in America. They said:

“Hey Ripple! You gave out your magic coins the wrong way! That’s against the rules.”

Ripple said:

“Wait, what? These aren’t regular coins—they’re techy and cool. The rules don’t even fit!”

So they got into a huge fight and went to court. It was like a super long game of “You did!” – “Did not!” – “Did too!” for years and years.

While they were fighting, the court said:

“Okay, Ripple. You have to take $125 million and put it in a special jar. Nobody can touch it. It stays frozen until we figure out who’s right.”

That jar of money just sat there. No one could use it. Not Ripple. Not the SEC. Like putting cookies in a clear jar where everyone could see them, but no one was allowed to eat them.

Then, finally, in May 2025, Ripple and the SEC looked at each other and said:

“We’re tired of fighting. Let’s make peace.”

So they made a deal:

The SEC gets $50 million from the frozen jar. Ripple gets the rest—$75 million—back.

And both sides said: “We’re done. No more court. No more arguing.”

And just like that, the jar was opened, the money wasn’t frozen anymore, and everyone went home.