Ripple Seeks Release of $125 Million in Escrow as They Pursue Settlement in SEC Case

The long-running legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) is inching towards a potential settlement, with the two parties requesting that a previously imposed injunction be lifted. This move comes after years of litigation, during which the SEC accused Ripple of illegally selling XRP as unregistered securities. In recent filings, Ripple and the SEC have proposed a $50 million civil penalty to settle the case, with the remaining funds to be returned to Ripple. The parties’ request aims to streamline proceedings and bring closure to this protracted legal battle.