PANews reported on June 13 that according to The Block, Ripple and the U.S. Securities and Exchange Commission (SEC) submitted a joint motion to the Federal District Court for the Southern District of New York, requesting the court to lift the ban on Ripple and reach a settlement of $125 million in fines - $50 million of which was paid to the SEC and $75 million belonged to Ripple. Both parties pointed out that the SEC's view on cryptocurrencies has changed. Since the former chairman stepped down, the agency has withdrawn many investigations and charges, and has also set up a working group to develop a regulatory framework. There are "special circumstances" and modifying the final judgment will help reconcile, avoid appeals and save resources. The motion is the latest development in the legal dispute between the two parties in the past five years.