What happened? The U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly filed a request with a federal court in Manhattan to unfreeze $125 million, paid by the company as a penalty in the case regarding the status of its issued token XRP.

Source: X.com

What else is known? According to the proposal, Ripple will pay the SEC a civil penalty of $50 million, while the remaining funds, currently held in an escrow account, will be returned to the company.

The statement marks an important step in resolving the case, which has lasted nearly four years and garnered significant attention in the industry.$RPL $XRP $BMT