In a significant development in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), both parties have jointly filed a motion seeking the release of $125 million held in escrow. The move signals a potential resolution to the lawsuit that has been looming over Ripple since December 2020.
The lawsuit filed by the SEC alleged that Ripple had conducted an unregistered securities offering through the sale of its XRP cryptocurrency. Ripple has vehemently denied these allegations, arguing that XRP is not a security but rather a digital asset. The case has been closely watched by the crypto community and traditional financial markets due to its potential implications for the regulation of cryptocurrencies in the United States.
The joint motion filed by Ripple and the SEC indicates that the parties are nearing a resolution to the legal dispute. If approved by the court, the release of the $125 million held in escrow could be seen as a step towards bringing the case to a close. The funds in question were deposited by Ripple as part of an agreement to cover potential damages in the event of an unfavorable outcome in the lawsuit.
Experts believe that the motion to release the escrowed funds is a positive sign that both parties are making progress towards a settlement. A resolution to the lawsuit could provide clarity on the regulatory status of XRP and potentially pave the way for Ripple to resume normal operations without the legal cloud hanging over its head.
The news of the joint motion to release the funds has already had an impact on the market, with XRP prices surging in response to the positive development. The cryptocurrency has seen a significant uptick in trading volume as investors react to the potential resolution of the SEC lawsuit.
The outcome of the Ripple-SEC lawsuit is likely to have broader economic and social implications for the cryptocurrency industry as a whole. A clear regulatory framework for digital assets could provide much-needed certainty for market participants and facilitate the mainstream adoption of cryptocurrencies.
As the case continues to unfold, all eyes will be on the court’s decision regarding the joint motion to release the $125 million held in escrow. The resolution of the lawsuit could set a precedent for how cryptocurrencies are regulated in the United States and shape the future of the industry.
References:
1. https://www.coindesk.com/markets/2025/06/13/ripple-sec-file-joint-motion-to-release-125m-held-in-escrow
2. https://cointelegraph.com/news/sec-ripple-motion-release-125-million-case-winds-down?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
