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Ripple and the SEC File Joint Application Aimed at Settling Prolonged Lawsuit

2025/06/13 10:34
CoinPost
Written by L.Kikutani
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Ripple and the SEC File Joint Application Aimed at Settling Prolonged Lawsuit

Accelerating Towards Resolution?

On June 12, Ripple and the U.S. Securities and Exchange Commission (SEC) submitted a joint application to the Federal District Court in Manhattan. The application seeks the release of funds and the lifting of an injunction concerning $125 million held in escrow as civil penalties.

The proposed distribution plan involves paying $50 million to the SEC and returning the remaining funds to Ripple. This application is part of a comprehensive settlement effort aimed at ending ongoing appeals and avoiding additional legal proceedings between the parties.

The application highlights the settlement agreement, a shift in the SEC's cryptocurrency policy, and the intention to avoid further litigation as 'exceptional circumstances.'

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Iolite Vol.14

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MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.