SEC, Ripple seek to end multi-year legal dispute with amended filing

Description

According to a June 12 court filing, the SEC and Ripple asked Judge Analisa Torres of the Southern District of New York to issue an indicative ruling on their joint motion to dissolve the injunction issued in a 2024 Final Judgment. The two parties proposed that $50 million be paid to the SEC as a civil penalty, with the remaining $75 million returned to Ripple.

Authors

Assad Jafri

Publish date

June 13, 2025

Publisher

CryptoSlate

Web URL

https://cryptoslate.com/sec-ripple-seek-to-end-multi-year-legal-dispute-with-amended-filing

Referenced by

This effort follows the court’s May 8 decision denying a similar request for failing to demonstrate “exceptional circumstances” under Rule 60(b) of the Federal Rules of Civil Procedure.

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After years of litigation, the court in July 2023 issued a summary judgment, ruling partially in favor of both parties.

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If the court grants the indicative ruling, the SEC and Ripple intend to petition the U.S. Court of Appeals for the Second Circuit to remand the case for formal resolution in the district court.

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