Ripple Moves Closer to Victory as SEC Withdraws Legal Objection

In a significant legal update, Ripple publicly confirmed for the first time that the U.S. Securities and Exchange Commission (SEC) has requested the court to lift the long-standing injunction against the company. Ripple included this information in its Q1 2025 XRP Markets Report, signaling a major shift in its legal battle with the SEC.Legal Expert Highlights Ripple’s Public AdmissionLegal expert Bill Morgan highlighted the importance of this disclosure in a post on X (formerly Twitter). He emphasised that this marks Ripple’s first public acknowledgement of the SEC’s motion to vacate the permanent injunction. According to Morgan, Ripple had never explicitly confirmed the SEC’s actions until this report, making it a crucial development in the ongoing legal proceedings.Related article: Ripple’s RLUSD Stablecoin Surges After Gemini Listing: A Catalyst for Stablecoin GrowthRipple’s report detailed that during Q1 2025, the SEC formally informed the company of its decision to withdraw its appeal. In response, Ripple dropped its cross-appeal. This mutual agreement reduced the SEC’s proposed penalty from $125 million to $50 million. Furthermore, the SEC asked the court to vacate the injunction before receiving final internal approval from the commission.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, 2025Ripple Reaffirms Its Legal ConfidenceRipple used the report to restate its long-held position that the law and facts support its case. Morgan noted this part of the report, noting that Ripple confirmed the SEC’s withdrawal even before the commission publicly finalised its vote. The company’s reaffirmation underscores its confidence in how the case has evolved.Related article: Ripple CLO: No Clear Crypto Laws Drove SEC to Drop Legal Fight While the SEC has yet to give final approval internally, its request to lift the injunction strongly suggests that a settlement may be near. Ripple’s report represents a significant departure from its previous cautious language, which had deliberately avoided referencing the status of the injunction.We are on twitter, follow us to connect with us :- @FXCryptoNews— FXCryptoNews (@FXCryptoNews) December 14, 2023Overall, Ripple’s Q1 2025 report provides the clearest insight into its legal status. The SEC’s move to vacate the injunction marks a turning point and suggests a potential end to one of crypto’s longest-running and most consequential court cases.The post Ripple Moves Closer to Victory as SEC Withdraws Legal Objection appeared first on FXcrypto News.