The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) ended (at least for now) following Judge Analisa Torres’ recent ruling awarding a $125 million penalty against the crypto firm. The verdict will have a massive impact on both parties, while an appeal from both sides is also on the cards.
What Next For Ripple And The SEC
Ripple will have to pay the SEC a $125 million fine for violating securities laws. This violation resulted from the firm’s sale of XRP to institutional investors without first registering these transactions as investment contracts. Last year, Judge Torres ruled that Ripple violated securities laws through its institutional sales, although she declared that XRP isn’t a security in itself.
Based on the rulings, this case, which began in December 2020, is more of a win for Ripple than for the SEC. Although Ripple will have to pay the SEC $125 million, the penalty is well below the $2 billion the Commissio
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