The Ripple vs. SEC case has been ongoing for five years, and new initiatives from the company could dramatically alter this legal dispute.
Ripple's Initiative to Lift Judicial Injunction
On June 17, 2025, Ripple filed a letter with Judge Analisa Torres requesting the lifting of the injunction imposed in August 2023. The company hopes to reduce the SEC-imposed fine from $125 million to $50 million and end the appeal process. The letter states that this modification "does not alter Ripple’s substantial legal obligations," as the company, "like any other market participant, is required to comply with the law."
Company Strategy in Light of Other Market Participants
This motion also aligns with Ripple's strategic intent to harmonize its position with other crypto companies, such as Kraken and Coinbase, that have recently had their cases dropped by the SEC. Attorney Fred Rispoli noted this initiative may lack strength but is a necessary attempt.
Prospects and Possible Consequences
Should Judge Torres issue a favorable ruling, the case could be concluded within weeks. Attorney Bill Morgan emphasized this creates new opportunities for Ripple and the entire crypto market. If the motion is denied, the case would revert to the appeals circuit, further prolonging the resolution.
Ripple's initiative to lift the judicial injunction represents a potential turning point in the relationship between crypto innovations and regulators in the United States.
