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XRP Lawsuit: Is the SEC Set to Gain from Ripple’s $125 Million Fine? Expert Says Not a Dollar Goes to Them

Coinpedia LogoCoinpedia2w ago

XRP Lawsuit: Is the SEC Set to Gain from Ripple’s $125 Million Fine? Expert Says Not a Dollar Goes to Them - Coinpedia

Quick Summary:

The post XRP Lawsuit: Is the SEC Set to Gain from Ripple’s $125 Million Fine?

Ripple has filed a Form C to appeal parts of Judge Torres’s ruling that labeled certain XRP sales as unregistered securities offerings, resulting in a $125 million penalty.

According to Marc Fagel, a former SEC lawyer, not a single dollar from fines stays with the SEC.


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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 10:25:49 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 321 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 23393292

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About Coinpedia

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Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 20 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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: #112

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  • URL: https://beamstart.com/news/xrp-lawsuit-is-the-sec-17307173731677

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