In a significant development, Ripple has publicly disclosed that the U.S. Securities and Exchange Commission (SEC) has formally requested the court to lift the injunction prohibiting their operations. This revelation is detailed in the company’s Q1 2025 XRP Markets Report, marking a key milestone in the lengthy legal proceedings. The SEC’s request to vacate the permanent injunction was disclosed through an official statement by Ripple lawyer Bill Morgan on X (formerly Twitter), who noted this as Ripple’s first explicit acknowledgement of the SEC’s withdrawal motion. This development follows the SEC informing Ripple of its intention to withdraw its appeal, leading to a mutual agreement to drop their cross-appeal. The SEC subsequently reduced its proposed fine from $125 million to $50 million and aimed for the court to lift the injunction before final approval is granted.