PANews reported on March 26 that according to CoinDesk, Ripple and the SEC reached a preliminary settlement agreement. The SEC agreed to return $75 million of the $125 million fine imposed by the court last year, retaining only $50 million to close the case. In exchange, Ripple will withdraw its cross-appeal. The proposed settlement still needs to be approved by the court and the commission, and may mark the end of the long-term legal dispute between the two parties.