Ripple and SEC Seek Settlement Agreement in Landmark Lawsuit

In a significant development in the protracted Ripple vs. SEC legal battle, both parties have jointly filed a motion to dissolve an injunction and release $125 million currently held in escrow. This move comes as a potential settlement nears resolution of the nearly five-year dispute concerning Ripple’s alleged unregistered sale of securities. 💰 The proposed agreement would see Ripple pay a final penalty of $50 million to the SEC, while the remaining $75 million in escrow would be returned to the blockchain company.