After years of legal battles, Ripple Labs and the U.S. SEC are finally pushing to resolve their long-standing dispute over $XRP signaling a potential game-changing moment for the entire crypto industry. 💥
Ripple & SEC Request Court to Dissolve Final Injunction & Unlock $125M 💰
On June 12, Ripple and the SEC jointly filed a motion requesting District Judge Analisa Torres to issue an indicative ruling that would dissolve the final civil injunction in the case. If granted, this move would unlock over $125 million in escrowed penalty funds. The proposed distribution plan would see:
$50 million paid to the SEC
The remaining funds returned to Ripple
The joint filing was made under Federal Rules 62.1 and 60(b), allowing the district court to indicate its willingness to modify the previous judgment, even while the case is under appeal in the Second Circuit.
⚖ Why This Matters: A Shift Towards Settlement
Previously, Judge Torres denied a similar motion in May, citing the lack of "exceptional circumstances." However, this time, both parties argue that a settlement would eliminate further prolonged litigation, save judicial resources, and align with the SEC’s recent shift in enforcement policy under interim Chairman Mark Uyeda.
Notably, the SEC has recently dropped several enforcement actions against crypto firms — a potential sign of softening regulatory posture that could benefit Ripple and $XRP
🚀 Ripple vs SEC: A Legal Saga Nearing Its End?
The SEC’s original lawsuit, filed in December 2020, accused Ripple of conducting an unregistered securities offering through the sale of XRP. The case quickly became one of the most closely watched legal battles in crypto history, raising critical questions about how U.S. securities law applies to digital assets.
A final resolution could bring long-overdue regulatory clarity to XRP and set a precedent for the broader crypto industry.
📊 What's Next?
If Judge Torres issues the indicative ruling, the SEC and Ripple will request the Second Circuit to remand the case temporarily so the district court can formally dissolve the injunction and execute the proposed fund distribution.
> 🔎 "Doing so would promote efficiency, encourage settlements, and avoid additional litigation," both parties emphasized in the filing.
💡 The Bigger Picture
As the SEC shifts its tone on crypto regulation and Ripple seeks closure, this potential settlement could serve as a pivotal moment for both $XRP
holders and the entire crypto space.
Stay tuned — this could be the breakthrough the market has been waiting for. 🚀
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