- Ripple and SEC try to reduce the fine imposed by the court.
- A penalty of $ 50 million should occur instead of the 125 milion.
The complaint of the SEC against Ripple has taken a new course. The parties have submitted the application to change an adult court decision. According to the ex-SEC lawyer Marc Fagel If this is an attempt to change the relief granted by the court.
Although the court had already decided that Ripple had illegally sold unregistered securities from XRP and therefore had issued a judgment of $ 125 million and an injunction, Ripple and the Sec have come together to change this judgment.
She did. She found Ripple illegally raised hundreds of millions of dollars from unregistered securities sales, penalized them $125m, and enjoined them from further violations. But now the SEC and Ripple are trying to get her to change the remedies she ordered.
– Marc Fagel (@marc_fagel) June 20, 2025
Fagel noted that despite the previous judgment, both parties now advocate an adaptation of the relief. After the joint application, Ripple submitted an additional letter in which it emphasized that it was not excluded from the injunction and would most likely adhere to it anyway.
The measure of the SEC to renegotiate is part of a comprehensive plan to solve the continuing crypto enforcement problems and to align the status of Ripple to the other companies that were granted a liberation.
Timetable and delays before final problem solving
According to the one specialized in XRP Lawyer Bill Morgan the comparison route was properly recorded. He added that Ripple and the SEC signed a comparison agreement in April or May 2025.
However, this was process-related for such a procedure and therefore led to successive returns, whereby applications according to Rule 62.1 or Rule 60 were submitted to achieve a successful indicative decision. The application was initially unsuccessful due to a procedural error, so that a proper application was made on June 12, 2025.
If the SEC and ripple obtain the indicative ruling, the matter should be concluded within the next several weeks
— bill morgan (@Belisarius2020) June 18, 2025
Morgan made it clear that contrary to the appearance actually die SECis that keeps things in chess. The Commission actually has tries to support Ripple’s application to cancel the injunction.
He also made it clear that both parties would apply for a limited referral to the Court of Appeal after issuing the judicial judgment. In the event of approval, Ripple would pay a reduced fine of $ 50 million and withdraw his appointment.
Ripple’s last legal hurdle
Fagel recalled the history of the lawsuit and pointed out that the allegations were originally raised under the then second chairman Jay Clayton during the Trump administration.
The management of the stock market supervisory authority, most recently under Gary Gensler, took over the responsibility in the event, but signaled that it was ready for a comparison. After receiving the indicative judgment, as expected.
Since everything is as good as finished, the monthly legal dispute between Ripple and the Sec could be over in a few weeks. The solution would conclude one of the most prominent crypto legal disputes in the US regulatory room.
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