Ripple and the SEC File a Joint Motion to Settle the $125M Lawsuit

One of the longest-running lawsuits in the crypto landscape could potentially come to a close as both parties seek to settle their disputes. Ripple and the US Securities and Exchange Commission (SEC) have jointly proposed to settle their $125 million civil penalty. According to the court filings shared by Fox Business journalist Elanor Terett on.. The post Ripple and the SEC File a Joint Motion to Settle the $125M Lawsuit appeared first on 99Bitcoins.

crypto

Jun 14, 2025 - 00:00

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One of the longest-running lawsuits in the crypto landscape could potentially come to a close as both parties seek to settle their disputes. Ripple and the US Securities and Exchange Commission (SEC) have jointly proposed to settle their $125 million civil penalty.

According to the court filings shared by Fox Business journalist Elanor Terett on 12 June 2025, both parties have sought to settle Judge Analisa Torres’s final judgment before the 16 June deadline.

The court filings suggest that both parties have asked a Manhattan court to release the $125 million held in escrow and to also dissolve the previously issued injunction. As per the proposal, the SEC would be paid $50 million while the rest ($75 million) would be returned to Ripple.

This is the second settlement attempt by the parties after Judge Analisa Torres rejected their first motion to settle on 15 May. During the hearing, she stated, “If jurisdiction was restored to this Court, the Court would deny the parties’ motion as procedurally improper.”