TL;DR
Ripple requested a delay in paying a $125 million fine, with the SEC agreeing to the proposed terms, leading to speculation about a possible appeal.
The legal developments have had minimal impact on XRP’s price, which keeps trading at around $0.55.
The Latest Update
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) reached a major milestone at the start of August. Back then, Judge Torres ordered the company to pay a $125 million fine for violating certain securities laws, which represented just a fraction of the regulator’s initial demand for $2 billion.
Some of Ripple’s executives, such as CEO Brian Garlinghouse and CLO Stuart Alderoty, seemed pleased with the magistrates’ decision, promising to abide by the rules and pay the sum in cash off the firm’s balance sheet.
While several X users speculated that the company will settle with the agency as early as this week, both entities have been silent on the matter.
Just recently, Ripple
We współpracy z: https://cryptopotato.com/important-ripple-v-sec-lawsuit-update-september-5th/
