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Judge Torres Rules Ripple to Pay $125M in Civil Penalties
Summary: In a significant ruling, Judge Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws. This decision brings one more step further to the nearly four-year legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The lengthy legal dispute revolved around the SEC's ...
In a significant ruling, Judge Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws. This decision brings one more step further to the nearly four-year legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).
The lengthy legal dispute revolved around the SEC's allegations that Ripple had conducted unregistered securities offerings through its sale of XRP tokens. The resolution of this case marks a pivotal moment for Ripple and the broader cryptocurrency industry, potentially setting a precedent for how digital assets are regulated in the future.
Tags: Ripple,SEC,Torres,XRP
Link: Judge Torres Rules Ripple to Pay $125M in Civil Penalties [Copy]
