- Ripple presents a new brief that requested a reduced $ 50 million penalty and the cancellation of the XRP disposal.
- SEC and Ripple strive for a joint conclusion by referral and refer to the changed focus of the crypto regulation.
The legal dispute between the U.S. stock exchange supervision SEC and Ripple has experienced another of its numerous wenungs. The company recently has one Additional brief submitted to an already available application in which the court is requested to reduce the amount of the fine and to remove the permanent relief order of the sale of XRP.
The application follows an earlier rejection by judge Torres for procedural reasons, but was immediately submitted again, in this case rule 60 was asserted to meet the technical requirements.
#XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a Supplemental Letter in support of the Motion for an Indicative Ruling. pic.twitter.com/yPTTugNIj8
– James K. Filan
(@Filanlaw) June 17, 2025
In his application pronouncement, Ripple made it clear that it was not about changing the final judgment.
However, it was again pointed out that the cancellation of the interlocking Ripple does not release from compliance with securities law. The company emphasized that the existing legal requirements would continue to apply, regardless of whether an injunction would be issued. This is the core of Ripple’s argument for more proportionate treatment, especially in view of the changing positions of the SEC to digital tokens.
Template for agreement
Attorney Bill Morgan has set up a ten -stage schedule for the procedure between Ripple and the SEC. The two parties signed the comparison agreement, Ripple on April 23 and the Sec on May 8th.
Then a 60-day postponement for the appeal and the follow-up profession was granted in order to gain time for a rewarding application and the associated procedure. The original application for an indicative decision was rejected due to formal law errors.
SEC v Ripple: How the settlement process is going
1. Settlement agreement signed by Ripple parties on April 23, 2025 and by the SEC on May 8, 2025
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2. Parties filed a motion to hold the appeal and cross appeal in abeyance and obtained 60 days abeyance from April 16, 2025 to…
— bill morgan (@Belisarius2020) June 18, 2025
On June 12, however, a joint application for review was submitted. With the requested indicative decision, both parties hope for a restricted referral by the Court of Appeal, so that the comparison before judge Torres can be concluded.
This would mean the cancellation of the injunction and the payment of the agreed reduced penalty of $ 50 million by Ripple. After completing the procedure, both the appeal and the follow -up profession would be rejected and the long -term legal dispute would be ended.
Ripple relies on changes to the regulation now
In the recent letter from Ripple, an expansion of SEC policy was discussed based on the same discussions of the Commission. The step shows a new approach from the Commission, which has set some crypto implementation cases and has announced a new crypto-actual.
In a recent speech, Paul S. Atkins clearly spoke about the commission’s intention to work on a more flexible rules for digital assets. Ripple supported this thought and claimed actively an to be involved in the elaboration of the rules.
As one of the first destinations of the SEC on the market for digital currencies, the years of Ripple’s legal dispute will probably come to an end soon.
The company believes that the agreement it has submitted is fair and time -efficient and thus corresponds to the current policy of the SEC and will be the standard for future cases in this sector.
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