Ripple has publicly disclosed for the first time that the U.S. Securities and Exchange Commission (SEC) has agreed to request the court to lift the injunction against the company. This development was included in Ripple’s Q1 2025 XRP Markets Report and marks a key moment in the legal proceedings that have spanned several years.
According to a post by legal expert Bill Morgan on X, this is Ripple’s first explicit mention that the SEC has moved to request the court vacate the permanent injunction. Morgan, who has tracked the SEC lawsuit, revealed that this direct public confirmation marked Ripple’s first acknowledgment of the SEC’s withdrawal motion.
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The report confirmed that in Q1, the SEC informed Ripple of its intent to withdraw its appeal, prompting Ripple to drop its cross-appeal. The mutual motions resulted in the SEC lowering its proposed fine from $125 million to $50 million and seeking the court to lift the injunction before the Commission gives final approval.
From Ripple’s Q1 2025 quarterly market report released today makes interesting references to the lawsuit. I think this is the first explicit public reference by Ripple that the SEC agreed to request that the Court vacate the permanent injunction./1 pic.twitter.com/uzGqTz3hT4
— bill morgan (@Belisarius2020) May 6, 2025
Ripple Clarifies Position Amid Legal Developments
This update is a critical moment in the Ripple-SEC legal saga, which began in December 2020 when the SEC accused Ripple of conducting unregistered securities sales through XRP. Though a major ruling in July 2023 stated XRP is not a security in retail sales, the court found Ripple’s institutional sales did breach securities laws.
Ripple’s recent report reaffirms the company’s stance that the facts and the law were always in its favor. That portion of the report caught Morgan’s attention since Ripple claimed the SEC officially withdrew its appeal before a final Commission vote was published.
The SEC has yet to approve the request internally, yet mentioning injunction removal is the strongest indication that a resolution could be coming soon. Through this admission, Ripple offers a change from their prior official stance, which purposefully excluded references to the injunction’s standing.
Ripple’s most recent report adds unparalleled clarity to its communication about its SEC legal battle. Progress toward settlement reveals itself through the SEC’s directive to vacate the injunction because this motion is a strong indicator of resolution for one of the crypto world’s most contested legal battles.
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