Ripple and the SEC’s joint motion proposed a post-judgment settlement to reduce Ripple’s $125 million penalty to $50 million and vacate the injunction restricting institutional XRP sales

Quotes that support claims

the parties previously asked Judge Torres to dissolve a permanent injunction against Ripple and cut the monetary penalty imposed on the company from $125 million to $50 million.

U.S. District Judge Analisa Torres ruled on June 26 that Ripple Labs cannot dissolve a court-imposed injunction or reduce its $125 million civil penalty stemming from the sale of XRP.