The two parties have requested that the Manhattan District Court approve an injunction and free a $125 million civil penalty that has been in escrow. The step is an indication that the long-standing conflict might be coming to an end.
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BREAKING: SEC and Ripple File for Settlement Agreement
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SEC and Ripple, in their June 12, 2025 request to issue an indicative ruling asked the court, if the court would authorize the release of the $125 million civil penalty held in escrow by paying $50 million to the SEC as a civil penalty and remaining $75 million returned to Ripple
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