Ripple, SEC Ask Judge to Clear Path Toward Crypto Settlement

Ripple Labs Inc. and the SEC asked a federal judge to indicate she would modify a judgment barring certain token sales and imposing a $125 million penalty, so that they can proceed toward settlement.

The court should take that step because “exceptional circumstances warrant the requested modification,” the Securities and Exchange Commission and the cryptocurrency company told Judge Analisa Torres on Thursday. The parties in October each appealed aspects of the US District Court for the Southern District of New York’s judgment, but the SEC under the second Trump administration has taken a more crypto-friendly stance and agreed to dismiss ...