Ripple and SEC apply for a lifting of the XRP sales lock
After almost five years of legal dispute, Ripple and the SEC want to cancel the limitation of sales and split $ 125 million-a crucial step to complete the discussion.
Ripple and the US stock exchange supervision SEC submitted an application to the responsible court in Manhattan. In essence, it is about lifting the omnipotence action against Ripple imposed in 2024 and releasing the USD 125 million parked in the trust account. Proposed It becomes that $ 50 million go to the seconds, the rest remains with Ripple.
Background of the legal dispute
The conflict began in December 2020, when the SEC Ripple accused of selling XRP as unregistered securities. A first “Summary Judgment” In July 2023, some of the sales (numerous direct transactions at institutions) to XRP spoke as securities, while others-such as automatic sales via stock exchanges-were classified as legal. A final judgment in August 2024 imposed a limitation of sales and ordering a 125 million punishment, but remained in trust until the legal force.
Citing Rule 60 (B) of the Federal Rules of Civil Procedure, Ripple and the Sec argue that there were “extraordinary circumstances” – like the agreement of both parties to reduce punishment. The aim is to remove the ten -month restriction. Should the court agree, Ripple also requires a return of the excess 75 million USD and the complete conclusion of the procedure to avoid formal calls.
Reactions and outlook
The latest application is followed by the recently failed, formally not correct request from May 2025, which wanted to enforce purchase restrictions and punishment one -sided – but without sufficient legal basis.
Industry experts now expect that the final clarification will soon occur. A lifted lock and released funds would give ripple scope for action, to be able to resume XRP sales and to significantly reduce the regulatory uncertainty for cryptocurrency. At the same time, the SEC would remain position as a negotiating partner and show that agreements in the crypto regulatory environment are possible.
One reason for confidence: Ripple CEO Brad Garlinghouse had already signaled in March that the SEC will not follow its appointment – a clear sign of an upcoming agreement.
