SEC and Ripple Reach Settlement Deal; Key Players Absent in Court Filing

In a significant development, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. have filed a joint letter to Judge Analisa Torres seeking an indicative ruling that would dissolve the injunction imposed on Ripple and release the escrowed funds associated with the civil penalty. This request aims to move forward with the agreed-upon settlement and resolve the lingering legal dispute.