TL;DR
Judge Torres ruled XRP’s secondary sales aren’t securities, but Ripple was fined $125M. The company filed a cross-appeal after the SEC contended, adding more legal uncertainty.
XRP saw a slight recovery to $0.54 but remains down in the past two weeks.
The Latest Update
The legal tussle between Ripple and the US Securities and Exchange Commission (SEC) reached a major milestone at the beginning of August when Judge Analisa Torres determined that the sales of XRP on secondary markets to retail investors did not constitute securities transactions. On the other hand, she ordered the company to pay a $125 million fine for violating certain rules.
The number represented just a fraction of the $2 billion the SEC initially asked for, causing many (including Ripple’s CEO) to describe the ruling as a victory.
The regulator appealed the 2023 decision, causing a double-digit price crash for the native token and a new doze of uncertainty.
Most recently, Ripple’s CLO Stuart Alder
We współpracy z: https://cryptopotato.com/important-ripple-v-sec-lawsuit-update-october-11th/
