Share this article
Ripple, SEC File Joint Motion to Release $125M Held in Escrow
The joint motion seeks to end all pending appeals and avoid further legal proceedings between the two parties.
Updated Jun 13, 2025, 1:12 p.m. Published Jun 13, 2025, 8:58 a.m.
What to know:
- The SEC and Ripple have filed a joint motion to dissolve the injunction in their case and release the $125 million civil penalty.
- Under the proposal, $50 million would go to the SEC, and $75 million would be returned to Ripple.
- The motion cites changing regulatory attitudes and aims to avoid further litigation and settle outstanding appeals.
The SEC and Ripple have moved to close the chapter on one of crypto’s longest-running legal battles, jointly filing a motion in Manhattan federal court to dissolve the injunction in their case and release the $125 million civil penalty currently held in escrow.
Under the proposal, $50 million would go to the SEC, while the remaining $75 million would be returned to Ripple.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The motion, filed under Federal Rules 60(b)(6) and 62.1, cites “exceptional circumstances” as grounds for reopening the final judgment, pointing to changing regulatory attitudes at the SEC and a shared desire between both parties to avoid further litigation.
The move also aims to settle outstanding appeals in the Second Circuit and avoid prolonging the case into another year of courtroom wrangling.
The case, initially filed in 2020, accused Ripple of conducting $1.3 billion in unregistered XRP sales. A court-approved final settlement would remove any remaining lingering legal uncertainty, in a further boost to the already in-demand XRP token.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
