Ripple v. SEC case final update
After what possibly seemed like an eternity for the folks at Ripple and traders of XRP – the token that was at the center of the blockchain company’s years-long courtroom standoff with the United States Securities and Exchange Commission (SEC), the wait is finally over. Indeed, District Judge Analisa Torres has issued a final judgment in the Ripple v. SEC case, ordering Ripple to pay $125 million penalty for the institutional XRP sales, according to the documents shared by defense attorney and popular commentator on the case, James K. Filan, in X posts on August 7. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres has issued the Final Judgment in SEC v. Ripple.https://t.co/wAYc8A3AbE — James K. Filan (@FilanLaw) August 7, 2024 Ripple’s institutional sales penalty – fragment of SEC’s demands As it happens, this penalty is much lower than the whopping $2 billion in disgorgement demanded by the regulator, which many in the ...