XRP Settlement Breakthrough: Ripple and SEC Propose $125M Resolution

In a significant development in the long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), both parties have filed a joint motion proposing a $125 million settlement. The agreement, submitted to the U.S. District Court in Manhattan, outlines a plan where Ripple would pay $50 million to the SEC, with the remaining $75 million returned to the blockchain company. This motion seeks to dissolve the final injunction and authorize the distribution of the civil penalty currently held in escrow. The resolution now awaits approval from Judge Analisa Torres, whose decision will determine the final outcome of this high-profile case. This potential settlement marks a pivotal moment for XRP and the broader cryptocurrency market, as it could set a precedent for future regulatory engagements in the digital asset space.

Ripple-SEC Case Update: Joint Motion Seeks $125M Escrow Resolution

Ripple and the SEC have proposed a settlement that WOULD see $50 million paid to the regulator, with the remaining $75 million returned to the blockchain company. The joint motion, filed in the U.S. District Court in Manhattan, aims to dissolve the final injunction and authorize the distribution of the $125 million civil penalty currently held in escrow.

The outcome hinges on whether Judge Analisa Torres accepts the "exceptional circumstances" argument under Federal Rules 60(b)(6) and 62.1. A rejection could trigger appeals, potentially derailing the settlement and prolonging the legal battle that has shadowed XRP''s market performance for years.

Legal observers note the proposal represents a strategic compromise. "This isn''t just about the penalty amount," says attorney Bill Morgan. "It''s about creating finality - both parties are invoking precedent that allows judgment modifications to execute settlements." The court''s response will determine whether this marks the beginning of the end for one of crypto''s most consequential legal sagas.

Ripple and SEC Seek Court Approval to Settle XRP Sales Injunction Through Rule 60 Motion

Ripple Labs and the U.S. Securities and Exchange Commission have returned to Judge Analisa Torres'' courtroom, this time seeking an indicative ruling under Rule 60(b) of the Federal Rules of Civil Procedure. The motion could potentially dissolve a key injunction restricting Ripple''s XRP sales and release escrowed funds from last year''s $125 million penalty.

The legal maneuver follows last year''s ruling that found Ripple violated securities laws by selling XRP to certain institutional buyers. While the case reached final judgment, both parties now propose a settlement that would see Ripple pay $50 million to the SEC while recovering the remaining escrowed funds. Judge Torres'' indicative ruling would signal whether she would grant the motion if the Second Circuit remands the case.

Market observers note the outcome could significantly impact XRP''s regulatory clarity and Ripple''s operational flexibility. A favorable ruling might remove lingering uncertainty about XRP''s status while allowing Ripple to explore new business avenues, including a potential IPO that current restrictions may hinder.