Ripple and the U.S. Securities and Exchange Commission (SEC) have formally requested that U.S. District Judge Analisa Torres approve a joint motion that could end their years-long legal battle over the sale of XRP. In a letter submitted on June 17, Ripple emphasized that the settlement would not change any existing court rulings and would help finalize the dispute while aligning with the SEC’s evolving stance on digital assets.
Settlement Doesn’t Alter Prior Court Rulings
Ripple clarified that neither party is asking the court to change its original summary judgment. The decision, which held XRP’s programmatic sales as non-securities but flagged institutional sales as violations, would remain intact and continue to serve as persuasive legal precedent.
Ripple also highlighted that, even if the court dissolves the current injunction, the company will still be required to comply with U.S. securities laws like all other market participants.
Settlement Terms Aim to Resolve the Case
Under the proposed settlement, Ripple would pay a reduced penalty of $50 million—down from the previously set $125 million—and the court would lift the standing injunction. Ripple believes this is a fair compromise that resolves outstanding issues without further burdening the courts or risking prolonged appeals.
Ripple Cites SEC’s Regulatory Shift
Ripple’s legal team also pointed to the SEC’s changing regulatory direction. The agency recently formed a crypto task force to establish clearer rules for the digital asset industry, signaling a more cooperative and transparent regulatory approach.
Ripple said it has engaged with this task force and supports the development of tailored crypto regulations. It further argued that recognizing the settlement would align with this policy shift and ensure consistent treatment across similar enforcement actions.
Awaiting Judge’s Decision
This latest motion follows a previous one submitted in May, which Judge Torres denied over procedural concerns. The updated June 12 motion aims to address those issues. In parallel, both Ripple and the SEC have asked the Second Circuit Court of Appeals to keep their appeals on hold while the district court reviews the proposed agreement.
If approved, this settlement would mark a significant milestone in the XRP case, potentially easing broader regulatory pressure and helping to clarify Ripple’s position in the U.S. crypto landscape.
