Ripple and SEC Seek to End Legal Battle Over XRP Transactions

Ripple Labs and the SEC are seeking court approval to lift an injunction related to XRP transactions. This joint motion has implications for both Ripple’s market presence and regulatory pathway, potentially impacting XRP’s trading activities. The settlement includes a reallocation of the $125 million penalty, with $50 million going to the SEC and the remaining $75 million to Ripple. 🎧 This legal resolution could reshape investor sentiment towards XRP, influencing broader crypto regulation.