XRP Lawsuit: SEC Files Settlement Agreement Letter In Ripple Case

The US Securities and Exchange Commission (SEC) and Ripple have taken another step in their long-running legal battle as they look to put the XRP lawsuit to bed. This time, the Commission has filed a settlement letter, asking Judge Analisa Torres to set aside her judgement against the crypto firm.

XRP Lawsuit: SEC Asks Judge Torres To Adopt Settlement Agreement

In a court filing, the SEC requested an indicative ruling from Judge Torres pursuant to its settlement agreement with Ripple. As part of thee ruling, the Commission asked that the court dissolve the injunction which it awarded against Ripple in the final judgement in the XRP lawsuit.

The agency also asked that Judge Torres orders the release of the $125 million penalty ordered against Ripple from escrow, with the SEC receiving $50 million in full satisfaction of the monetary judgement. Meanwhile, Ripple would receive the remaining sum.

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