Ripple Asks Court to Dissolve XRP Injunction, Release $125 Million in Escrow

Ripple has filed a motion with the court to dissolve the temporary restraining order preventing the trading of its XRP cryptocurrency and to release $125 million held in escrow accounts. This comes after a protracted legal battle between Ripple and the Securities and Exchange Commission (SEC). Ripple argues that XRP is not a security and therefore not subject to securities laws. The company hopes that dissolving the injunction will increase confidence in XRP and boost its market adoption. The court’s decision will have a significant impact on the cryptocurrency market, as XRP is considered one of the major cryptocurrencies. A court ruling is expected soon, and traders and investors will be watching closely. This will be an interesting development in the coming weeks and months as the case unfolds.