Categories Crypto News

Ripple Discloses SEC’s Petition to Vacate Injunction in Lawsuit

New info according to Ripple.

Ripple’s latest “Q1 2025 XRP Markets Report” illuminates a new chapter in the company’s trajectory, with the SEC case concluded and U. S. policy shifting.

In an update concerning the platform and the U. S. Securities and Exchange Commission (SEC) matter, Ripple disclosed that the SEC has consented to petition the court to vacate the injunction. This information is derived from it’s most recent quarterly market report.

Ripple articulated in the report, “In Q1, the SEC notified Ripple of its intention to retract its appeal a definitive triumph for both Ripple and the wider crypto sector.

Following it’s choice to withdraw its own cross-appeal, the SEC concurred to diminish the proposed penalty from $125 million to $50 million and to petition the court to vacate the injunction, pending SEC Commission endorsement.

This result reaffirmed what had been evident from the outset: the facts and the legislation were in Ripple’s favor. “

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