Ripple and the SEC have filed a joint motion to finalize settlement terms, seeking court approval to reduce penalties.

Ripple’s current share count sits at around 141 million. At $175 per share, the implied valuation is nearly $25 billion.

Ripple and the SEC have filed a joint motion before the Manhattan court seeking to validate the settlement agreement.

The joint motion seeks to end all pending appeals and avoid further legal proceedings between the two parties.

The joint filing proposes a $50 million payment to the SEC and marks a key step toward settling the years-long legal battle over XRP sales.

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