Ripple and the SEC jointly requested a court ruling to modify relief terms and finalize their ongoing legal dispute.
The motion includes a proposal to dissolve the injunction and partially return the civil penalty to Ripple.
XRP network activity remains strong, with daily averages of over 295,000 active addresses continuing during the case proceedings.
Ripple Labs has submitted a new letter supporting a joint motion with the U.S. Securities and Exchange Commission, asking the court for an indicative ruling. The request was filed with Judge Analisa Torres in the Southern District of New York. Both parties aim to finalize the Ripple vs. SEC lawsuit and modify the relief terms without altering the standing judgment.
According to the filing, neither Ripple nor the SEC seeks to change the court’s earlier summary judgment order. Ripple clarified that it does not intend to overturn the July 2023 decision that distinguished XRP secondary market sales from securities. Instead, the motion focuses on dissolving the injunction and adjusting the imposed financial penalty.
Penalty relief proposal includes partial return
In a joint filing dated June 12, Ripple and the SEC proposed that the $125 million civil penalty held in escrow be split. The plan suggests $50 million would be released to the SEC, while $75 million would be returned to Ripple. This agreement comes after Ripple highlighted its commitment to complying with securities laws, regardless of the injunction's presence.
Following the joint motion, the Second Circuit Court has extended the pause on the ongoing appeal. The SEC has been directed to report back to the court with further steps by August 15, 2025. The indicative ruling, if granted, would allow both parties to move forward with concluding the case outside of the appeals process.
Despite the legal proceedings, XRP has maintained significant on-chain activity. Data from Santiment shows an average of over 295,000 active XRP addresses trading daily in the past week. This reflects sustained interest and activity across the XRP Ledger ecosystem.
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