Ripple and SEC jointly filed again for a settlement in the prolonged lawsuit.

## Accelerating Towards Conclusion

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) jointly filed a request with the federal court in Manhattan on June 12. The two parties are seeking to lift the injunction and release the funds concerning the $125 million civil penalty held in an escrow account.

The proposed distribution plan involves paying $50 million to the SEC and returning the remaining funds to Ripple. This application is positioned as part of a comprehensive settlement effort to conclude the ongoing appeal process and avoid further court proceedings between the two parties.

The application cited the settlement agreement, the SEC’s shift in cryptocurrency policy, and the intent to avoid additional litigation as “exceptional circumstances.” It elaborates on the logic that these changes in circumstances justify a modification of Judge Torres’s final judgment and argues for the necessity of solutions that go beyond the traditional legal framework.

Fox Business reporter Eleanor Terrett explained that both parties are aiming to conclude the appeal process and avoid further legal proceedings. She pointed out that the SEC’s change in cryptocurrency policy and willingness to settle have become a turning point in the prolonged courtroom battle.

This trend is a renewed attempt following Judge Torres’ rejection of a similar application in May. The courtroom battle that has continued for about five years since the SEC lawsuit in 2020 has centered around the securities law compliance of the $1.3 billion raised from XRP sales, but both parties have entered a phase of accelerating towards a final settlement.

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