🔥 Ripple & SEC Join Forces to Lift $XRP Injunction

Joint Motion Filed Yesterday: Ripple and the SEC have come together to file a motion in the Manhattan District Court. Their aim? To dissolve the long-standing injunction on XRP sales and unlock the $125 million escrowed civil penalty—proposing that $50 million goes to the SEC, while the remainder returns to Ripple .

LCivil Penalty Cut & Settlement Moves: The motion asks not only to remove the sales injunction but also to reduce Ripple's payable penalty to $50 million, signaling a potential settlement shift .

Rush to Beat the June 16 Deadline: With the 2nd Circuit’s status report due June 16, the motion is expected imminently—likely by Friday or early next week. Approval might buy both sides an extra 60 days to negotiate .

🧭 Why It Matters

IPO Block Lifted: The injunction currently prevents Ripple from selling XRP—stalling its much-hyped IPO ambition. Removing it would clear a major regulatory hurdle .

Signal of Settlement Momentum: A joint approach suggests that both Ripple and the SEC are keen on resolving the dispute, rather than prolonging legal battles—perhaps even trimming the penalty to smooth it out .

Next Steps to Watch:

What’s Next Timeline

Court reviews motion Likely before June 16

Appeals timeline may pause Potential additional 60 days

Settlement negotiations Could ramp up if motion succeeds

XRP price action Watch for volatility around key rulings

In short? A major pivot is underway: the SEC and Ripple are practically saying “let’s end this”—clearing the injunction, reducing fines, and potentially unlocking Ripple’s next phase. Keep your eyes on that June 16 cutoff

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