Major Update in Ripple vs. SEC Lawsuit: Is Official Resolution Closer?

Description

The US Securities and Exchange Commission (SEC) and Ripple Labs have jointly asked a federal court in Manhattan to dissolve a previous injunction and release $125 million currently being held in escrow. The request, filed on Thursday in the Southern District of New York, marks the latest step toward a potential settlement in the nearly five-year legal battle over Ripple’s alleged unregistered sale of securities. Ripple Nears Settlement in SEC Case In their motion , both parties said they had rea...