Ripple Hails Victory as Judge Cuts SEC’s Penalty Request by 94% in Final Judgment of XRP Case

HomeCrypto NewsBitcoinRipple Hails Victory as Judge Cuts SEC’s Penalty Request by 94% in Final Judgment of XRP Case

August 7, 2024

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District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule […]

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Brad Garlinghouse
District Judge Analisa Torres
final judgment
penalty
Ripple
Ripple Labs
SEC
securities laws
XRP

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