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SEC vs Ripple case ends: Ripple must pay 125 million dollars

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by COINS NEWS 60 Views

Judge Torres has made her final ruling in the SEC vs Ripple case, with a judgement that Ripple must pay fines/ penalties of just over 125 million dollars. This is much less than the 2 billion dollars the SEC was asking for.

This means the case is now over, though either side can appeal. If that happens, it could take a couple of years to resolve. However, the SEC cannot appeal the ruling that XRP is inherently not a security.

https://www.courtlistener.com/docket/19857399/securities-and-exchange-commission-v-ripple-labs-inc/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc#entry-974

Edit: Ripple and the SEC have 60 days to file any appeals

submitted by /u/coachhunter2
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