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In the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), the possibility of Ripple 
$2 making its penalty payment using XRP has emerged. Legal expert Jeremy Hogan indicated that it may be feasible for the court-imposed $125 million fine to be paid in XRP. This consideration gained traction following an executive order signed by the U.S. President, igniting discussions focused on whether the court would allow payment in XRP.
Can Payment be Made in XRP?
Jeremy Hogan stated that, in theory, paying the penalty in XRP is possible. Although the court has specified the fine in dollars, he suggested that alternative payment methods using cryptocurrencies like XRP could be explored. Hogan recalled a historical precedent where a similar situation occurred with gold.
In the case of Willard v. Tayloe, the court permitted a specific contract to be fulfilled with gold. The legal expert emphasized that Ripple’s option to pay the fine with XRP could also be evaluated within a legal framework. However, this would require approval from both the court and the SEC.
Is an Agreement with the SEC Possible?
Hogan pointed out that while the court might allow Ripple to pay with XRP, the SEC must also consent to this arrangement. According to him, the SEC has not yet signaled acceptance of such an agreement.
This discussion is closely linked to the U.S. government’s stance on cryptocurrencies. With the potential rise in XRP’s price, the U.S. might increase its revenue. If the government accepts XRP, new market dynamics could emerge, although this option requires thorough legal and economic examination.
The future course of the case will depend on the consensus reached between the SEC and Ripple. The possibility of Ripple paying the fine with XRP will gain clarity based on court decisions and the perspectives of involved parties.
