Ripple and SEC file joint motion seeking to lift the injunction and reach a $125 million settlement.

MinerOldCannon · 2025-06-13T03:20:25+00:00

On June 13, Ripple and the U.S. Securities and Exchange Commission (SEC) submitted a joint motion to the Southern District Federal Court of New York, requesting the court to lift the injunction against Ripple and reach a settlement regarding the $125 million fine—of which $50 million will be paid to the SEC, and $75 million will belong to Ripple.Both parties pointed out that the SEC's view on cryptocurrencies has changed since the departure of the former chairman. The agency has withdrawn multiple investigations and allegations, and has also established a working group to formulate a regulatory framework, indicating "special circumstances." Modifying the final judgment will help in reaching a settlement, avoiding appeals, and saving resources. This motion is the latest development in the legal disputes between the two parties over the past five years.

MinerOldCannon

2025-06-13 03:20:25

On June 13, Ripple and the SEC submitted a joint motion to the U.S. District Court for the Southern District of New York, requesting the court to lift the injunction against Ripple and to reach a settlement regarding the $125 million fine—of which $50 million will be paid to the SEC and $75 million will be retained by Ripple.

Both parties pointed out that the SEC’s view on cryptocurrency has shifted since the former chairman stepped down. The agency has withdrawn multiple investigations and allegations, and has established a working group to develop a regulatory framework, citing “special circumstances” where modifying the final judgment would help in reaching a settlement, avoiding appeals, and saving resources. This motion represents the latest development in the nearly five-year legal dispute between the parties.

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