Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have filed a new motion that might lead to the conclusion of their lengthy legal dispute.
Filing Requests Resolution of Court Case
On June 12, 2025, Ripple and the SEC filed a joint motion to Judge Analisa Torres in New York's Southern District Court. A post by BrettCrypto on X characterized this as a 'bombshell' and suggested that both sides are eager to end the conflict.
Details of the Court Filing
The five-page court document requests an indicative ruling that would allow the dissolution of the existing injunction against Ripple and the release of the $125 million civil penalty from escrow. If the terms are approved, Ripple would pay $50 million as full satisfaction of the penalty, with the remaining funds returned to the company.
Background of the Legal Dispute
The court originally issued a summary judgment in July 2023, determining that Ripple violated Section 5 of the Securities Act. A final judgment then imposed a $125 million penalty and a permanent injunction. Previous requests for relief under Rule 62.1 were denied due to lack of sufficient justification, leading to the current motion with further supporting explanations.
The court's final ruling will mark a significant moment in a lengthy legal dispute that has influenced XRP's status since 2020.
