The ongoing legal issue between Ripple Labs Inc. The US Securities and Stock Exchange (SEC) may approach the final decision.
On June 12, 2025, Ripple and SEC cooperated and submitted a request to judge Analisa Torres at the Southern Provincial Court in New York.
The new proposal seeks to end the legal battle by amending the conditions of the final ruling issued in advance.
Brettcrypto posted on X (previously Twitter) about the deposit, with a “bomb” describing it and indicates that both sides want to end the fighting.
According to a tweet, Ripple will pay $ 50 million, keep the rest of the troubled money, and move forward without any other calls.
This interpretation reflects the general trend of deposit, although the court has not yet ruled based on the request.
A request to request the court to dissolve the bargaining order and launch funds
According to a five -page court document, Ripple and SEC require an indication ruling that allows the court to resolve the current uphide order against Ripple.
The parties ask for a civil penalty of $ 125 million in warranty. The proposal depends on rules 60 (B) and 62.1 of the rules of federal civil procedures.
If the proposed conditions continue, $ 50 million will be paid to the Supreme Education Council as complete satisfaction with the punishment, while the rest will be returned to Ripple.
The deposit argues that the exceptional circumstances are now to justify the amendment of the previous court. If approved, the punishment will be reduced, and the case will not be applied at more appeal.
Long -term dispute wallpaper
The court originally issued a brief ruling in July 2023, and found that Ripple had violated Article 5 of the Securities Law.
A final ruling was issued in August 2024, which imposed a $ 125 million penalty and a permanent order. Ripple has been requested to deposit the full penalty amount in a warranty account that carries the interest.
In May 2025, a previous relief request was rejected under Article 62.1 due to insufficient justification. The new deposit of this denial responds by providing more interpretation and context to support the proposed amendment.
Also read: Warning from Ripple: The analyst says that this scale can lead to a sharp decrease XRP
The result depends on the court ruling
While a tweet from Brettcrypto indicates that the case is close to near, Judge Torres has not yet issued a ruling.
If the request is approved, both parties will be transferred to reject the appeals suspended in the second circle. If it is rejected, the legal procedures will continue under the original conditions.
The court’s decision will determine whether this deposit represents the last step in a legal case that affected the regulatory status of XRP since 2020.
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