BREAKING: SEC and Ripple File for Settlement Agreement

Description

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.

Authors

Paul Adedoyin

Publish date

June 12, 2025

Publisher

U.Today

Web URL

https://u.today/breaking-sec-and-ripple-file-for-settlement-agreement

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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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SEC and Ripple seek final ruling on $125M fine

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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.

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