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The SEC and Ripple Labs have jointly requested a federal court to dissolve an injunction and release $125 million held in escrow. Under the proposed settlement, Ripple would pay a $50 million civil penalty, marking a significant step toward resolving the long-running legal dispute.
- Ripple to pay $50M penalty, with $125M in escrow released under proposed settlement.
- Judge Torres previously ruled programmatic XRP sales were not securities, but institutional sales violated regulations.
- SEC's enforcement shift under new leadership has led to dropped high-profile crypto cases.
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