SEC vs Ripple Case: Parties Seek Ruling to Dissolve Injunction, Release $125M Civil Penalty

Description

The US Securities and Exchange Commission (SEC) and Ripple have jointly submitted their latest filing , requesting the court to release a $125 million civil penalty held in escrow. The move is the latest effort in concluding their nearly five-year legal dispute. Both parties have requested that the Manhattan District Court issue a ruling to “dissolve the injunction against Ripple.” They said the court to allow for $50 million fines to go to the SEC, with the rest $75 million released to Ripple. ...