TLDR
- Ripple seeks to dissolve an injunction and settle with the SEC through a reduced $50M penalty.
- The company emphasizes it will still comply with U.S. securities laws even without the injunction.
- Ripple argues the settlement avoids unnecessary appeals and conserves judicial resources.
- The firm cites the SEC’s softened stance in other crypto cases as justification for equal treatment.
- Ripple aims to close the case in alignment with evolving regulatory trends in the crypto space.
Ripple Labs submitted a new letter to Judge Analisa Torres seeking support for the joint motion to dissolve an existing injunction. The company aims to finalize the lawsuit through a reduced penalty and settlement agreement with the SEC. The filing seeks to close the years-long legal battle and align Ripple with other firms that received favorable treatment.
Ripple Asserts Compliance with Securities Laws Remains Unchanged
Ripple emphasized that it does not seek to modify or challenge the court’s Summary Judgment Order issued earlier in the case. The letter clarified that the final judgment will remain binding and enforceable for all parties involved. This approach allows Ripple to reinforce that lifting the injunction does not release it from existing regulatory obligations.
🚨 🚨 BREAKING NEWS:
Ripple has filed a supplemental letter supporting the motion for an indicative ruling to Judge Analisa Torres. 📃 ⚖️ 🇺🇸 #XRP #RLUSD #XRPETF 💎 💎 💎 💎 💎 💎 💎 💎 💎 💎 pic.twitter.com/Kxuqc92cmD
— Kenny Nguyen (@mrnguyen007) June 17, 2025
The firm stressed that even without the injunction, it will continue operating within the framework of U.S. securities laws. Ripple highlighted that every market participant must comply with regulations regardless of active injunctions.
Ripple maintained that the proposed resolution supports judicial efficiency by avoiding unnecessary appeals and prolongation. It believes the move would reduce pressure on the Second Circuit Court of Appeals. This would, in turn, prevent further court proceedings and unnecessary resource use.
Ripple and SEC Target Litigation Closure Through Reduced Penalty
Ripple and the SEC agreed to a settlement that would dissolve the injunction and reduce the imposed penalty amount. As part of the plan, Ripple would transfer $50 million from escrow to the SEC, with the remaining funds returned. The revised penalty figure reflects an agreement shaped by mutual compromise and litigation risk.
Both parties argue that this resolution helps avoid further appeal proceedings that would cost time and legal resources. Ripple stated that the court’s approval of the indicative ruling would enable an orderly conclusion to the XRP lawsuit. The letter also stresses that both sides have aligned on this compromise in the best interest of closure.
Ripple framed this effort as fair and proportionate in light of the SEC’s evolving digital asset policies. The firm believes the proposed outcome mirrors actions the SEC took in other crypto cases. Ripple aims to ensure equal treatment within the broader regulatory environment.
Ripple Highlights Industry Shifts and Seeks Equal Treatment
Ripple emphasized that the SEC recently dismissed cases against other digital asset firms amid policy reviews. This change, Ripple argues, reflects a softer stance by regulators seeking broader rules instead of case-by-case enforcement. The firm referred to the SEC’s crypto task force as evidence of this changing approach.
Ripple believes the injunction should be lifted to bring its situation in line with how regulators treat similar cases. It considers continued enforcement to be inconsistent with the SEC’s shift toward balanced industry regulation. This is especially relevant as the agency reconsiders how to apply its authority over digital assets.
The supplemental letter supports a resolution that aligns Ripple with companies recently spared extended enforcement. Ripple aims to finalize the matter under the same evolving regulatory landscape. The company sees the indicative ruling as necessary for restoring parity within the industry.
