XRP Legal Battle Nears Conclusion as SEC and Ripple Propose Settlement
In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly requested court approval to dissolve a longstanding injunction and release $125 million in escrowed funds. The proposed settlement, filed on June 15, 2025, would allocate $50 million to the SEC and return $75 million to Ripple, potentially marking the end of their five-year legal battle. This move comes after Judge Analisa Torres previously rejected a similar settlement, demanding additional proof of "exceptional circumstances." The resolution of this case could have far-reaching implications for XRP''s market position and regulatory clarity in the crypto space, as investors and industry participants eagerly await the court''s decision on this landmark proposal.
SEC and Ripple Seek Court Approval to Dissolve Injunction and Release $125M Penalty
The U.S. Securities and Exchange Commission and Ripple Labs have filed a joint request to dissolve a longstanding injunction and release $125 million in escrowed funds. The proposed settlement would allocate $50 million to the SEC and return $75 million to Ripple, potentially concluding their five-year legal battle.
Judge Analisa Torres previously rejected a similar settlement, demanding proof of "exceptional circumstances" to vacate the judgment. The latest filing attempts to meet this threshold, arguing for case closure and operational freedom for Ripple.
A favorable ruling WOULD remove remaining restrictions on Ripple''s operations and mark the final chapter in a lawsuit that has shaped cryptocurrency regulation. The outcome could set precedent for how regulators approach digital asset enforcement moving forward.
Trident Digital Commits $500 Million to Build XRP Reserve Amid Market Volatility
Trident Digital announced a $500 million initiative to build a corporate XRP reserve, signaling strong institutional confidence in Ripple''s ecosystem. The financing plan combines equity issuance, private placements, and structured instruments, with deployment targeted for late 2025. Chaince Securities will advise on regulatory compliance.
Despite the bullish move, Trident''s stock (TDTH) fell sharply yesterday amid geopolitical tensions, dragging XRP''s price down concurrently. The firm plans to stake its XRP holdings for yield generation rather than passive accumulation.
This follows Webus'' recent $300 million XRP treasury plan, highlighting growing corporate adoption. "Blockchain will redefine capital allocation and cross-border value transfer," said CEO Soon Huat Lim, positioning the reserve as a blueprint for public companies entering DeFi.
Singapore’s Trident Digital Aims for $500M XRP Treasury Initiative
Singapore-based Trident Digital (TDTH), a Nasdaq-listed tech firm, has unveiled plans to raise up to $500 million to establish one of the world’s first corporate treasuries centered around XRP. The initiative, slated for deployment in late 2025 pending regulatory approvals, will focus on long-term XRP holdings, yield generation through staking, and deeper integration with Ripple’s ecosystem via developer partnerships.
U.S.-based Chaince Securities will advise on the capital raise, which will leverage equity sales, private placements, and structured instruments. CEO Soon Huat Lim positioned the MOVE as a strategic bet on digital assets reshaping corporate finance: "We see digital assets as key enablers in the evolution of the global financial landscape."
The effort marks a rare institutional embrace of XRP, contrasting with Bitcoin’s corporate adoption by firms like MicroStrategy. Success would place XRP among a select group of tokens held as treasury assets by public companies.
Ripple CEO Predicts XRP Could Capture 14% of SWIFT''s Cross-Border Payment Volume
Ripple CEO Brad Garlinghouse has projected that XRP could account for 14% of SWIFT''s global cross-border payment volume within five years. Speaking at the XRP APEX 2025 event in Singapore, Garlinghouse highlighted XRP''s role as a liquidity solution rather than merely a messaging system, positioning it as a competitor to SWIFT''s interbank network.
Unlike SWIFT, which facilitates messaging between banks but doesn''t move funds, Ripple''s blockchain technology enables instant currency conversion. This reduces the need for banks to hold foreign reserves and accelerates transaction times. "Liquidity is owned by the banks," Garlinghouse noted. "If you''re driving all the liquidity, it is good for XRP."
Ripple and SEC Move Closer to Settlement in Landmark Lawsuit
The SEC and Ripple Labs have jointly requested a Manhattan federal court to release $125 million held in escrow, signaling potential resolution to their five-year legal battle. The proposed settlement would see Ripple pay $50 million in penalties while recovering $75 million, pending court approval of injunction modifications.
This development follows stayed appeals since April as both parties pursued negotiations. Judge Torres had previously rejected a similar motion in May due to procedural deficiencies, underscoring the complexity of reaching final terms in this precedent-setting crypto securities case.
Ripple SEC Case Update: XRP Price Drops 6% Despite Legal Motion
The legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission intensified this week as both parties filed a joint motion ahead of a critical court deadline. The document, submitted June 12, seeks to modify the final judgment by lifting restrictions on XRP''s institutional sales—a move market participants had anticipated would buoy the token''s value.
Instead, XRP defied expectations with a 6% price decline, underscoring the cryptocurrency market''s unpredictable response to regulatory developments. The court''s impending decision could set precedent for how digital assets are classified in institutional contexts.
