The prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may be nearing its conclusion, as both parties have jointly filed a motion seeking settlement approval from the Manhattan District Court.
According to Fox Business journalist Eleanor Terrett, Ripple and the SEC are requesting Judge Analisa Torres of the Southern District of New York to approve an injunction and release a $125 million civil penalty currently held in escrow. The motion is a significant step toward resolving the high-profile case that has spanned nearly four years.
Proposed Terms of the Settlement
Under the proposed resolution, Ripple would pay $50 million directly to the SEC. The remaining $75 million from the escrowed funds would be returned to the company. This joint proposal aims to resolve outstanding issues without further litigation or appeals.
Court records show the motion was filed under Case No. 1:20-cv-10832-AT-SN via the court’s electronic system. If approved, the settlement would mark a key turning point in one of the most closely watched enforcement cases in crypto history.
Implications for XRP and the Industry
A final resolution could lift legal uncertainty around XRP and potentially set a precedent for future crypto-related regulatory actions. The crypto community and market observers are closely tracking the court’s response, as the outcome may shape how digital assets are treated under U.S. securities law.
With this filing, Ripple and the SEC signal readiness to put the lengthy dispute behind them—potentially paving the way for broader clarity and renewed momentum for XRP in both regulatory and market contexts.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ripple-and-sec-file-motion-to-officially-settle-case-propose-125m-penalty-resolution/