Ripple Vs. SEC: Pro-XRP Lawyers Discuss Potential For An Appeal

Quick Summary:

Judge Analisa Torres ruled on Wednesday that Ripple Labs must pay a $125 million civil penalty, substantially less than the $2 billion sought by the Securities and Exchange Commission (SEC) for alleged improper sales of XRP tokens, as reported by Bitcoinist.

My guess is both sides will appeal.” Pro-XRP lawyer Bill Morgan shares the same view.

Ripple CAN sell XRP to Institutions as long as it sells it under an exemption to registration.[…] I think Ripple WILL be able to use its ODL product – it will just have to be careful HOW it does it.” Hogan clarified.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: Ripple vs SEC Ripple XRP lawsuit Ripple news XRP news XRP price XRP Pro-XRP lawyer

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 17:00:10 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 753 words

Reading Time: 5 minutes read

Sentences: 46 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21989171

View Article Analysis

About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 15 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions