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Ripple and the SEC have jointly refiled a motion to lift the injunction against Ripple’s XRP sales, signaling a potential end to their prolonged legal battle. The revised request addresses procedural flaws flagged earlier by Judge Torres, aiming to finalize a $125 million settlement. XRP’s price remains steady at $2.12 despite the legal developments.
- Ripple and the SEC refiled a motion to lift the XRP sales injunction and adjust a $125 million penalty, citing 'exceptional circumstances' under Rule 60(b)(6).
- The settlement terms include $50 million for the SEC and $75 million returned to Ripple, pending court approval.
- XRP’s price remains stable at $2.12, reflecting muted market reaction despite the high-stakes legal developments.
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