BTC
$104,706.54
–
2.52%
ETH
$2,517.61
–
8.44%
USDT
$1.0003
+
0.01%
XRP
$2.1428
–
4.54%
BNB
$656.76
–
1.72%
SOL
$144.85
–
9.18%
USDC
$0.9996
–
0.00%
DOGE
$0.1745
–
7.71%
TRX
$0.2737
–
0.39%
ADA
$0.6334
–
7.31%
HYPE
$39.50
–
5.54%
SUI
$3.0202
–
8.66%
LINK
$13.21
–
8.41%
LEO
$9.0261
+
1.80%
BCH
$415.39
–
2.60%
AVAX
$19.25
–
8.40%
XLM
$0.2596
–
6.01%
TON
$2.9848
–
7.26%
WBT
$33.55
+
2.63%
SHIB
$0.0₄1177
–
7.70%
By Shaurya Malwa|Edited by Parikshit Mishra
Jun 13, 2025, 8:58 a.m.
- The SEC and Ripple have filed a joint motion to dissolve the injunction in their case and release the $125 million civil penalty.
- Under the proposal, $50 million would go to the SEC, and $75 million would be returned to Ripple.
- The motion cites changing regulatory attitudes and aims to avoid further litigation and settle outstanding appeals.
The SEC and Ripple have moved to close the chapter on one of crypto’s longest-running legal battles, jointly filing a motion in Manhattan federal court to dissolve the injunction in their case and release the $125 million civil penalty currently held in escrow.
Under the proposal, $50 million would go to the SEC, while the remaining $75 million would be returned to Ripple.
STORY CONTINUES BELOW
The motion, filed under Federal Rules 60(b)(6) and 62.1, cites “exceptional circumstances” as grounds for reopening the final judgment, pointing to changing regulatory attitudes at the SEC and a shared desire between both parties to avoid further litigation.
The move also aims to settle outstanding appeals in the Second Circuit and avoid prolonging the case into another year of courtroom wrangling.
The case, initially filed in 2020, accused Ripple of conducting $1.3 billion in unregistered XRP sales. A court-approved final settlement would remove any remaining lingering legal uncertainty, in a further boost to the already in-demand XRP token.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
