SEC & Ripple Move Towards Case End: $125 Million Escrow Funds to be Released

The SEC and Ripple have jointly proposed releasing the $125 million escrow funds held in a settlement account. This move comes as the parties prepare to conclude their ongoing litigation. The SEC will receive $50 million of this sum for civil penalties imposed, while the remaining $75 million will be transferred back to Ripple pending court approval. The joint motion aims to finalize the case and save judicial resources by avoiding appeals and further proceedings. This resolution marks a significant milestone in the regulatory landscape for cryptocurrencies in the United States.