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

Event date

June 12, 2025

Quotes that support claims

In a court document filed on Thursday in the U.S. District Court for the Southern District of New York, lawyers for Ripple and the SEC said the court should allow its joint motion and issue a ruling that the court "dissolve the injunction against Ripple" and allow for $50 million worth of fines to go to the SEC with the rest, $75 million, going to Ripple.

In the proposal, it is also planned that $50 million would be paid to the SEC, and the rest, $75 million, would be returned to Ripple. This is one motion brought before Judge Analisa Torres of the Southern District of New York in a move to have the case settled and prevent the appeals that are pending and any further litigation.

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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Week 24 of 2025