币界网报道：Ripple Labs and the U.S. Securities and Exchange Commission (SEC) are reportedly nearing a settlement that could mark a turning point for crypto regulation. Sources indicate both parties are discussing terms to resolve their long-standing legal battle, which began in 2020 when the SEC accused Ripple of conducting an unregistered securities offering through its XRP token sales. While neither side has confirmed the talks, industry insiders suggest a resolution could bring much-needed clarity to how digital assets are classified under U.S. law. Ripple CEO Brad Garlinghouse has repeatedly criticized the SEC's approach, calling it "regulation by enforcement" and arguing that clear guidelines are essential for innovation. The case has been closely watched as a bellwether for broader crypto regulation, with potential implications for other projects facing similar scrutiny. A settlement could also influence pending legislation, such as the proposed Crypto-Asset Securities Transparency Act, which seeks to define jurisdictional boundaries between the SEC and the Commodity Futures Trading Commission (CFTC). Meanwhile, XRP's price surged over 15% on rumors of the potential deal, reflecting market optimism about regulatory progress. Legal experts caution that even if settled, the case may not set a definitive precedent, as the SEC continues to pursue enforcement actions against other crypto firms like Coinbase and Binance. The outcome could nonetheless signal a shift toward more collaborative engagement between regulators and the industry.