The SEC and Ripple request the court to make a ruling on the $125 million fine, seeking to bring an end to years of litigation.

BlockBeats News, June 13, according to a report by The Block, Ripple and the U.S. Securities and Exchange Commission (SEC) have filed a joint motion with the Federal District Court for the Southern District of New York, requesting the court to lift the injunction against Ripple and approve a settlement agreement involving a $125 million fine—$50 million to be paid to the SEC, while $75 million will remain with Ripple.

Both parties noted that the SEC's stance on cryptocurrencies has evolved since the departure of its former chair. The agency has withdrawn several investigations and charges and has also established a task force to develop a regulatory framework, citing "exceptional circumstances." Revising the final judgment would aid in reaching a settlement, avoiding appeals, and conserving resources. This motion represents the latest development in the nearly five-year-long legal dispute between the two parties.