The crypto sphere is stunned with another major move in the 6-year history of Ripple vs. U.S. Securities and Exchange Commission (SEC) lawsuit. Namely, the suit was initially ruled in Ripple’s favor, expecting the digital asset issuer to pay a reduced fine of $50 million instead of the initial $150 million punishment by the SEC.
New Joint Motion Pivots SEC vs. Ripple Case Settlement
Yesterday, Ripple & SEC penned a joint motion to the Manhattan District Court to dissolve the injunction in the high-profile crypto lawsuit. Namely, this motion requires the XRP issuer to pay the $50 million fine, enabling the case closure with a settlement between the two fighting parties. The SEC is also due to file a report on June 16, 2025.
However, the District Judge Analisa Torres deemed the XRP suit’s legal procedures ‘improper’, therefore she could not provide an indicative ruling. Exceptional circumstances would be the only reason for an indicative ruling, and both parties argue there’s a few valid reasons to call it exceptional.
Can XRP Case Take The Quicker Route In $50M Deal?
Firstly, the motion reports SEC’s shift towards a move crypto-friendly ruling, looking to release $125 million worth of XRP in escrow, returning $75 million to Ripple. That’s a contrasting approach to the fear & punishment based style of previous SEC boss Gary Gensler. Then, both parties want to avoid further litigation and carry on collaboration on a legal framework build.
At present time, it’s unknown if Judge Analisa Torres will change her mind and approve the motion to take the express route of settlement. The ground-breaking news didn’t impact XRP’s market value, as Ripple coin dipped by 3.2%, corresponding to Friday’s general market sentiment shifting towards fear.
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Ripple and the SEC teamed up to ask a court to lift an injunction blocking Ripple’s institutional XRP sales. They also want to release a $125M penalty held in escrow, aiming to end their legal beef and stop further appeals.
The injunction stopped Ripple from selling XRP to big players (like funds), limiting its bag-stacking potential. Dissolving it could let Ripple flex again, potentially pumping XRP’s price if whales HODL or buy in.
The plan’s to split it: $50M to the SEC, $75M back to Ripple. This cuts Ripple’s fine from the original $125M, a win for them to keep stacking XRP without bleeding cash.
No crystal ball, but XRP dropped 6% despite the news, showing FUD still lingers. If the court approves, lifting the injunction could spark bullish vibes and push XRP past its $3.40 ATH. Keep an eye on X for updates.
Don’t FOMO in! Research XRP’s use case (fast, cheap cross-border payments), use trusted exchanges like Binance, and only invest what you can afford to lose. HODL through volatility, and watch for the June 16 SEC update.
