The U.S. Securities and Exchange Commission (SEC), along with Ripple Labs, has approached the Manhattan District Court with a request to lift the court’s injunction and partially unblock funds held in escrow. The amount in question is $125 million, designated as a civil penalty in the ongoing legal battle between the parties.
This is reported by Бізнес • Медіа
Agreement on Fund Distribution
In their joint motion, the SEC and Ripple Labs stated that they have reached a compromise regarding the further distribution of funds. Under the new agreement, $50 million will be transferred to the SEC, while the remaining amount will be returned to Ripple Labs. The parties explain this decision by citing exceptional circumstances and a desire to minimize further legal expenses.
Reasons for Reviewing the Court Decision
As noted in the submitted document, the parties see grounds for altering the final court decision due to the achievement of a settlement, a change in the SEC’s approach to cryptocurrency regulation, and a desire to avoid prolonging the legal process. These factors have been decisive in their attempt to review the terms of the previous court injunction.
“The document emphasizes the ‘exceptional circumstances’ that justify altering the final decision. In particular, the parties refer to the achievement of a settlement, a change in the SEC’s regulatory policy regarding cryptocurrencies, and a desire to avoid further litigation.”
It is worth noting that a similar request was considered in May of this year, but Judge Torres rejected it at that time. Recall that in March 2025, the judge indicated a possible swift conclusion to the SEC’s case against Ripple Labs.