#Ripple and #SEC Request Court Dissolution of $XRP Injunction


The SEC and #RippleLabs have filed joint motions to dissolve existing injunctions and release $125 million in escrow funds.


Under the proposed settlement, #Ripple would pay $50 million in civil penalties, with the remaining funds returned to the company.


The agreement represents a significant step toward ending the four-year legal battle over $XRP sales as alleged unregistered securities.


U.S. District Judge Analisa Torres must approve the joint motion before the settlement becomes effective.


The SEC originally sought $2 billion in penalties after filing the lawsuit in 2020, claiming Ripple raised $1.3 billion through unauthorized securities offerings.


Judge Torres previously ruled that programmatic $XRP sales to retail buyers did not constitute securities transactions.


However, the court found violations in Ripple's institutional sales to sophisticated investors.


The #SEC under new leadership agreed to the reduced settlement as the agency shifts away from aggressive crypto enforcement.


Several high-profile crypto lawsuits initiated under former Chair Gary Gensler have been withdrawn under the Trump administration.

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June 13, 2025 at 2:43 PM
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