Ripple, SEC Move to Release $125M Escrow as Legal Battle Concludes

Ripple, SEC Move to Release $125M Escrow as Legal Battle Concludes

The long-running legal battle between Ripple Labs Inc. and the United States Securities and Exchange Commission (SEC), initiated in December 2020, is approaching its final chapter. On Thursday, both parties submitted a joint motion to release $125 million held in escrow, earmarked for settlement payments mandated by the court. As detailed in the joint letter filed with the court, $50 million of the escrowed funds will be transferred to the SE...

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