In the latest advancement of the lawsuit against XRP, Ripple and the SEC filed a joint motion before the court seeking a declaratory judgment validating the settlement agreement. The parties again requested the judge to lift the injunction and order the release of the monetary judgment.

In a post on X, journalist Eleanor Terrett revealed that both parties have jointly requested a court in Manhattan to dissolve the injunction in their long legal battle and also to release the civil fine of $125 million against Ripple from escrow.

As part of the agreement, both parties propose that the SEC receives $50 million of the sum, while the remainder is returned to Ripple. This comes as both parties seek to resolve the issue and end the ongoing appeals and counter-appeals.

With this measure, they could request a postponement to resolve the case instead of proceeding with the appeal.

According to the presentation made to Judge Analisa Torres, Ripple and the SEC argue that exceptional circumstances justify granting the motion. These circumstances include the agreement, the SEC's change in policy on cryptocurrencies, and the desire to avoid further litigation.

In her May ruling, where she denied the previous motion for a declaratory judgment, Judge Torres stated that the court grants relief from judgment under the civil procedure stay rule "only when exceptional circumstances are demonstrated."

This explains why both parties have highlighted the exceptional situations in the XRP request. However, it is unknown whether Judge Torres will grant the request for a declaratory judgment this time.

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