Ripple vs SEC Update: Mutual Request to End Injunction and Release $125M Penalty

Description

The United States Securities and Exchange Commission (SEC) and Ripple Labs filed another motion to U.S. District Court Judge Analisa Toress requesting the dissolution of the existing injunction.

Authors

Steve Muchoki

Publish date

June 12, 2025

Publisher

Coinpedia

Web URL

https://coinpedia.org/news/ripple-vs-sec-update-mutual-request-to-end-injunction-and-release-125m-penalty

Referenced by

SEC and Ripple seek final ruling on $125M fine

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News story

The joint motion requested the court to distribute $50 million to the U.S. SEC as a settlement. The filing suggested that the remaining funds in the escrow be directed to Ripple. Last month, the court denied a joint motion by Ripple and the SEC due to lack of supporting evidence.

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