- Ripple and SEC jointly propose $125M settlement to end long case.
- Ripple would pay $50M fine, reclaim $75M from escrow funds.
- Judge’s approval may set precedent for future SEC crypto disputes.
Ripple and the U.S. Securities and Exchange Commission (SEC) have jointly proposed a $125 million settlement deal. This deal could bring an end to one of the most closely watched legal battles in the crypto industry. As journalist Eleanor Terrett posted on June 12, 2025, according to new court filings, the two parties are asking Judge Analisa Torres to approve it by June 16 deadline.
Ripple to Pay $50M to SEC, Refund $75M in Proposed Deal
The filing seeks the Manhattan court to unlock $125 million that is in escrow. According to the proposed settlement, Ripple would pay 50 million dollars to the SEC, and the rest (75 million dollars) would be refunded to Ripple. Besides, the two are requesting the court to vacate an earlier injunction included in a previous judgment.
The court had earlier on dismissed their initial settlement. Judge Torres called the earlier motion procedurally improper on May 15. Ripple and SEC now filed a joint motion together. This signals growing cooperation between both sides. If approved, it may guide future crypto regulatory settlements.
Additionally, the case has attracted much attention since it has been long-lasting and because it sets implications on the classification and regulation of digital assets in the United States. The initial case was filed in December 2020, when SEC charged Ripple with running an unregistered securities offering by selling its XRP token.
This new joint motion is founded on what law practitioners term as exceptional circumstances. Lawyer and crypto enthusiast Bill Morgan posted on social media that the sides are relying on well-established precedents in the law. He described that alteration of a judgment is occasionally required when it facilitates a settlement preventing additional appeals. Here, the main terms of the settlement are the proposed reduction of the fine and elimination of the permanent injunction.
Court Reaction Will Shape Future of Ripple and Crypto Cases
According to Morgan, if Judge Torres does not approve the joint request, the settlement may fail entirely. That would lead the case back to appeal and cross-appeal stages. He also took a swing at social media reports that the case was already over, adding that a final decision is yet to be arrived at.
Also, Eleanor Terrett reported that there can be larger changes which will affect the decision of the court. The crypto regulation stance of the SEC has changed under the Trump administration. These developments, combined with both parties’ desire to avoid prolonged litigation, could influence the judge’s perspective. As a result, she may reconsider her earlier position.
In the future, the reaction of the court will be essential. If the joint settlement is granted, it will potentially lead to the end of a case that has lasted close to five years. It may also become a landmark case in the future resolution of similar cases. Meanwhile, the lack of consensus can result in further legal limbo for Ripple as well as the crypto sector as a whole.
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