Ripple Vs. SEC Settlement: Here Are The Things You Should Know Going Forward

Quick Summary:

The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) ended (at least for now) following Judge Analisa Torres’ recent ruling awarding a $125 million penalty against the crypto firm.

The verdict will have a massive impact on both parties, while an appeal from both sides is also on the cards.

Although Ripple will have to pay the SEC $125 million, the penalty is well below the $2 billion the Commission initially proposed.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: XRPUSDT XRP news SEC SEC news XRPUSD Ripple Ripple news Ripple vs. SEC SEC Vs. Ripple Ripple XRP XRP price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 16:00:01 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 528 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22105873

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About Bitcoinist

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News Last Updated: 8 hours ago

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