{"id":31690,"date":"2025-06-13T09:47:21","date_gmt":"2025-06-13T09:47:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31690"},"modified":"2025-06-13T09:47:21","modified_gmt":"2025-06-13T09:47:21","slug":"ripple-sec-file-joint-motion-to-release-125m-held-in-escrow","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31690","title":{"rendered":"Ripple, SEC File Joint Motion to Release $125M Held in Escrow"},"content":{"rendered":"<div>\n<p>The SEC and Ripple have moved to close the chapter on one of crypto\u2019s longest-running legal battles, jointly filing a motion in Manhattan federal court to dissolve the injunction in their case and release the $125 million civil penalty currently held in escrow.<\/p>\n<p>Under the proposal, $50 million would go to the SEC, while the remaining $75 million would be returned to Ripple.<\/p>\n<p>The motion, filed under Federal Rules 60(b)(6) and 62.1, cites \u201cexceptional circumstances\u201d as grounds for reopening the final judgment, pointing to changing regulatory attitudes at the SEC and a shared desire between both parties to avoid further litigation.<\/p>\n<p>The move also aims to settle outstanding appeals in the Second Circuit and avoid prolonging the case into another year of courtroom wrangling.<\/p>\n<p>The case, initially filed in 2020, accused Ripple of conducting $1.3 billion in unregistered XRP sales. A court-approved final settlement would remove any remaining lingering legal uncertainty, in a further boost to the already in-demand XRP token.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The SEC and Ripple have moved to close the chapter on one of crypto\u2019s longest-running legal battles, jointly filing a motion in Manhattan federal court to dissolve the injunction in their case and release the $125 million civil penalty currently held in escrow. Under the proposal, $50 million would go to the SEC, while the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31690","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31690"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31690\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}