{"id":31732,"date":"2025-06-13T13:33:56","date_gmt":"2025-06-13T13:33:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31732"},"modified":"2025-06-13T13:33:56","modified_gmt":"2025-06-13T13:33:56","slug":"ripple-and-the-sec-file-a-joint-motion-to-settle-the-125m-lawsuit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31732","title":{"rendered":"Ripple and the SEC File a Joint Motion to Settle the $125M Lawsuit"},"content":{"rendered":"<div>\n<p>One of the longest-running lawsuits in the crypto landscape could potentially come to a close as both parties seek to settle their disputes. Ripple and the US Securities and Exchange Commission (SEC) have jointly proposed to settle their $125 million civil penalty.<\/p>\n<p>According to the <a class=\"general-link\" href=\"https:\/\/x.com\/EleanorTerrett\/status\/1933265188406636845\" target=\"_blank\" rel=\"noopener nofollow\">court filings<\/a> shared by Fox Business journalist Elanor Terett on 12 June 2025, both parties have sought to settle Judge Analisa Torres\u2019s final judgment before the 16 June deadline.<\/p>\n<p>The court filings suggest that both parties have asked a Manhattan court to release the $125 million held in escrow and to also dissolve the previously issued injunction. As per the proposal, the SEC would be paid $50 million while the rest ($75 million) would be returned to Ripple.<\/p>\n<p>This is the second settlement attempt by the parties after Judge Analisa Torres rejected their <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/ripple-and-sec-file-joint-request-to-suspend-appeals-xrp-surges-back-above-2\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">first motion to settle<\/a> on 15 May. During the hearing, she stated, \u201cIf jurisdiction was restored to this Court, the Court would deny the parties\u2019 motion as procedurally improper.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">NEW: The <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@SECGov<\/a> and <a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Ripple<\/a> have jointly requested a Manhattan District court to dissolve the injunction in their ongoing case and release the $125 million civil penalty held in escrow. <\/p>\n<p>They\u2019re proposing that $50 million be paid to the SEC, with the remaining funds returned\u2026 <a href=\"https:\/\/t.co\/UopQuQNG5q\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/UopQuQNG5q<\/a><\/p>\n<p>\u2014 Eleanor Terrett (@EleanorTerrett) <a href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/1933265188406636845?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bill Morgan, a pro-crypto lawyer <a class=\"general-link\" href=\"https:\/\/x.com\/Belisarius2020\/status\/1933311558853226827\" target=\"_blank\" rel=\"noopener nofollow\">shared his thoughts<\/a> on X regarding the difference between the first settlement motion vis-\u00e0-vis the recent one stating, \u201cIn the joint motion filed today by the SEC and Ripple to show exceptional circumstances, the parties rely on authorities that have held that exceptional circumstances exist where modification of a judgment is necessary to facilitate a settlement that would obviate pending appeals and where relief from the judgment is a \u2018necessary condition of settlement.\u201d<\/p>\n<p>He further wrote that unless both parties achieve a settlement, the SEC and Ripple will go ahead with their respective appeals and cross appeals.<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Meme Coin ICOs to Invest in June 2025<\/a><\/p>\n<h2><strong>Ripple-SEC History of Appeals and Counter Appeals<\/strong><\/h2>\n<p>These recent developments stem from a long and complicated legal history between the two parties, as the SEC sued Ripple in 2020 for offering unregistered securities to investors through the institutional sales of XRP.<\/p>\n<p>Ripple in their counter-appeal denied any wrongdoing on their part and managed to secure a partial legal victory when Judge Torres ruled that the programmatic sales of XRP to retail buyers on public exchanges did not qualify as securities offerings. The court, however, did highlight that Ripple\u2019s institutional sales had violated regulations.<\/p>\n<p>Following the court\u2019s decision, the SEC initially sought a $2 billion penalty, which it later reduced to $125 million.<\/p>\n<p>The court\u2019s denial of Ripple and the SEC\u2019s initial motion to settle saw the XRP suffer a massive setback, crashing to $2.3551. However, analysts expect its value to increase if the settlement motion goes through this time around.<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top 20 Crypto to Buy in June 2025<\/a><\/p>\n<h2><strong>Regulatory Changes on the Horizon?<\/strong><\/h2>\n<p>Although this motion has not yet received approval from the court, the fact that the SEC and Ripple made the motion in conjunction is an indication of growing cooperation between the two entities. If approved, could it set an example for other businesses to navigate any future regulatory challenges?<\/p>\n<p>Terrett, in her later X posts, further surmised that settlements, the changed SEC policies under the Trump administration and unwillingness to undergo protracted legal processes, could this time lead to an alternate decision by Judge Torres.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The filing argues that &#8216;exceptional circumstances&#8217; \u2014 including a settlement, the SEC\u2019s shift in crypto policy, and a desire to avoid further litigation \u2014 justify modifying Judge Torres\u2019s final judgment.<\/p>\n<p>This follows her May decision, where she denied a similar request for\u2026 <a href=\"https:\/\/t.co\/2pPQBmZFAE\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/2pPQBmZFAE<\/a><\/p>\n<p>\u2014 Eleanor Terrett (@EleanorTerrett) <a href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/1933267336003256444?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"> Best New Cryptocurrencies to Invest in 2025<\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ripple and the SEC have jointly proposed to settle their $125 million civil penalty    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        According to the settlement proposal, the SEC will receive $50 million and Ripple $75 million    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        This is their second settlement attempt after Judge Analisa Torres rejected their first motion to settle on 15 May    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/ripple-and-the-sec-file-a-joint-motion-to-settle-the-125m-lawsuit\/\">Ripple and the SEC File a Joint Motion to Settle the $125M Lawsuit<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>One of the longest-running lawsuits in the crypto landscape could potentially come to a close as both parties seek to settle their disputes. Ripple and the US Securities and Exchange Commission (SEC) have jointly proposed to settle their $125 million civil penalty. According to the court filings shared by Fox Business journalist Elanor Terett on [&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-31732","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\/31732","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=31732"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31732\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}