Ripple and the U.S. Securities and Exchange Commission jointly requested to the court to reduce the $125 million penalty imposed on Ripple for its institutional sales of XRP to $50 million

Quotes that support claims

That decision followed less than two weeks after the SEC and Ripple requested that the court lower a civil penalty over illegal XRP sales to $50 million—far less than the $2 billion sought under former Chair Gary Gensler—and remove restrictions on Ripple’s ability to sell the asset.