SEC and Ripple jointly request the court to dissolve injunction and release the $125M in escrow.
Proposed settlement allocates $50M to the SEC, with the remaining funds returned to Ripple.
Court approval is required as judgment modification is a “necessary condition of settlement.”
The Securities and Exchange Commission and Ripple Labs have submitted a joint motion to Manhattan District Court Judge Analisa Torres requesting the dissolution of the injunction in their ongoing legal case and release of $125 million in civil penalties currently held in escrow. The proposed settlement would allocate $50 million to the SEC while returning the remaining funds to Ripple.
NEW: The @SECGov and @Ripple have jointly requested a Manhattan District court to dissolve the injunction in their ongoing case and release the $125 million civil penalty held in escrow.
They’re proposing that $50 million be paid to the SEC, with the remaining funds returned… pic.twitter.com/UopQuQNG5q
— Eleanor Terrett (@EleanorTerrett) June 12, 2025
The June 12, 2025, filing addresses the case SEC v. Ripple Labs Inc., seeking court approval to modify the Final Judgment entered against Rippl…
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