XRP Lawsuit: Ripple And SEC Renew Joint Push For A Ruling
The US Securities and Exchange Commission and Ripple Labs Inc. have returned to Judge Analisa Torres with an amplified request that could bring their four-and-a-half-year XRP lawsuit to an abrupt close. In a five-page joint letter filed on 12 June 2025 (Doc. 987), the litigants ask the Southern District of New York for an “indicative ruling” that would dissolve the injunction imposed on Ripple last August and release the lion’s share of the $125 million civil-penalty escrow.
The End Of The XRP Lawsuit?
The motion, brought under Federal Rules of Civil Procedure 62.1 and 60(b)(6), comes after Judge Torres rejected an earlier, near-identical application in May for failing to show the “exceptional circumstances” required to modify a final judgment. The renewed filing seeks to fill that gap. “Exceptional circumstances warrant the requested modification of the Final Judgment,” the parties write, identifying settlement efficiency, conservation of judicial resources and the SEC’s evolving crypto-enforcement priorities as the decisive factors.
Under the proposed arrangement, Ripple would pay $50 million to the SEC “in full satisfaction” of the penalty, while approximately $75 million plus accrued interest would revert to the company. In addition, the permanent injunction—entered on 7 August 2024 and premised on violations of Section 5 of the Securities Act—would be lifted. The parties emphasize that their compromise is a “necessary condition of settlement” and promise, if the indicative ruling issues, to petition the Court of Appeals for a limited remand so the district court can enter the relief and the appeals can be dismissed.
