Ripple and SEC formally reached a settlement agreement, requesting the court to terminate the ban and distribute the fine

According to a joint motion filed by Ripple and the U.S. Securities and Exchange Commission (SEC) to the Federal District Court for the Southern District of New York, the two parties have reached a settlement agreement and requested the court to make an indicative ruling to terminate the ban against Ripple and release the $125 million civil penalty in the escrow account. According to the agreement, Ripple will pay $50 million to the SEC and return the remaining amount to Ripple.