Important development in the Ripple case $XRP
On June 12, 2025, Ripple and the SEC filed a joint request to Southern District Judge in New York, Analisa Torres, which stipulates:
1. The cancellation of the permanent injunction issued in August 2024 regarding the $XRP institutional.
2. The release of $125 million held in an escrow account, with $50 million going to the union and the SEC, and Ripple recovering the remaining amount ($75 million).
The request is considered a major step towards ending the case that has been ongoing since December 2020, but it requires the court's approval. The judge will decide whether the circumstances justify modifying the final judgment and lifting the hold, as well as determining the fate of currently pending appeals.
Thus, the case has not been closed definitively today (June 14, 2025), and we are still waiting for the court's decision.
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✅ What will happen soon?
On June 16, 2025, the court must submit a status report to the Court of Appeals (Second Circuit) regarding the settlement of the case.
After that, Judge Torres will make her final decision: either approve the settlement and officially close the case or reject the modification of the judgment, leaving the case open and the appeals to continue.