Ripple SEC Lawsuit Continues to See a Victory for XRP - Coincu
BTC $57067.75 0.80%
ETH $2429.114 -2.41%
BNB $486.42 -1.10%
XRP $0.616 19.55%
BTC ETH BNB ADA SOL AVAX DOGE LINK TRX
USD EUR GBP JPY AUD CAD CHF CNY
Convert
LIVE UPDATES • Ripple SEC Lawsuit Continues to See a Victory for XRP • Democrats Launches “Crypto For Harris” To Gain Support From 40M US Crypto Holders • Crypto Analysts Predict Explosive Gains for PEPE, Ethereum, and XRP – Don’t Miss These Targets! • Solana’s Meteoric Rise: How It Outpaced Ethereum in DeFi Trading Volume This July! • Ripple (XRP) and Solana (SOL) Investors in Turmoil as $350 Billion Vanishes Overnight • Crypto PAC Fairshake Spends $25M to Support 18 House Candidates • Michael Saylor’s Bitcoin Holdings Now Surpasses $1 Billion • Explore the Staking Benefits of the Top Meme Coin in Presale as Arweave Experiences a 4% Value Increase • Real World Assets – Find The Next Hidden Gems • Grayscale Crypto Investment Trusts for SUI and TAO Were Introduced
News Ripple SEC Lawsuit Continues to See a Victory for XRP 21 mins ago - Around 2 mins mins to read
Key Points:
A federal judge ordered Ripple Labs to pay $125 million for violating securities laws by selling XRP tokens to institutional investors, a significant reduction from the SEC’s $1.9 billion demand.
XRP’s price surged over 20% following the decision as a victory for the blockchain company in the Ripple SEC lawsuit.
A federal judge ordered Ripple Labs to pay $125 million in civil penalties for breaking security laws over the sale of XRP tokens to institutional investors.
Read more: Ripple CEO Brad Garlinghouse Criticizes SEC for Hypocrisy and Lack of Transparency
Ripple SEC Lawsuit Gives Company Another Win
The fine was paltry compared to the $1.9 billion the U.S. Securities and Exchange Commission was eyeing in the long-winding Ripple SEC lawsuit.
Analisa Torres, the same judge who earlier ruled that XRP wasn’t secure over its programmatic sales to retail clients, arrived at the fine on July 13, 2023, following findings that Ripple’s institutional investors flouted the selling regulations for the XRP token. She added that a permanent injunction has to be issued in order to stop further violations.
The ruling was a deep discount to the SEC’s opening demands of $1 billion in disgorgement and prejudgment interest and another $900 million in civil penalties. It came on the heels of last year’s partial summary judgment handed down to both sides, which decided that while Ripple’s institutional sales violated securities laws, their programmatic sales didn’t.
XRP Price Surges as Ripple CEO Cheers Legal Win
Ripple CEO Brad Garlinghouse hailed the ruling as a victory not only for the firm but also for the crypto space in general and, more importantly, for the rule of law. Moreover, Garlinghouse said, “We respect the Court’s decision and have clarity to continue growing our company.”
The SEC had accused Ripple in 2020 of selling about $1.3 billion worth of unregistered XRP tokens to raise cash. Ripple SEC lawsuit has huge implications, importantly, for defining the attitude of the regulator toward digital currencies.
The price of XRP surged more than 20% following the announcement as investors expressed a positive sentiment on the outcome.
Brad Garlinghouse Lawsuit Ripple Ripple SEC Lawsuit SEC XRP
Author Harold
With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Related Posts
Blast Stablecoin USDB Depegged by Over 5% Amid Market Crash Crypto Executives Meeting With Kamala Harris Postponed: FOX Business Report How the SEC’s Revised Binance.US Lawsuit and Solana’s Exclusion Affect the Best Ongoing Presales in 2024 Marathon Digital Quarterly Losses Soar With 20,000 BTC In Balance Do Kwon Extradition Now Set By Court After Fierce Litigation Bitcoin Price Rebound to $56,000 Sparks Optimism Despite Cautious Sentiment Coinbase Quarterly Revenue May Drop Due to Weak Market Volatility Memecoin Neiro Plummets 60% as Vitalik Sells for 44.4 ETH!
Ripple SEC Lawsuit Continues to See a Victory for XRP
Key Points:
A federal judge ordered Ripple Labs to pay $125 million for violating securities laws by selling XRP tokens to institutional investors, a significant reduction from the SEC’s $1.9 billion demand.
XRP’s price surged over 20% following the decision as a victory for the blockchain company in the Ripple SEC lawsuit.
A federal judge ordered Ripple Labs to pay $125 million in civil penalties for breaking security laws over the sale of XRP tokens to institutional investors.
Read more: Ripple CEO Brad Garlinghouse Criticizes SEC for Hypocrisy and Lack of Transparency
Ripple SEC Lawsuit Gives Company Another Win
The fine was paltry compared to the $1.9 billion the U.S. Securities and Exchange Commission was eyeing in the long-winding Ripple SEC lawsuit.
Analisa Torres, the same judge who earlier ruled that XRP wasn’t secure over its programmatic sales to retail clients, arrived at the fine on July 13, 2023, following findings that Ripple’s institutional investors flouted the selling regulations for the XRP token. She added that a permanent injunction has to be issued in order to stop further violations.
The ruling was a deep discount to the SEC’s opening demands of $1 billion in disgorgement and prejudgment interest and another $900 million in civil penalties. It came on the heels of last year’s partial summary judgment handed down to both sides, which decided that while Ripple’s institutional sales violated securities laws, their programmatic sales didn’t.
XRP Price Surges as Ripple CEO Cheers Legal Win
Ripple CEO Brad Garlinghouse hailed the ruling as a victory not only for the firm but also for the crypto space in general and, more importantly, for the rule of law. Moreover, Garlinghouse said, “We respect the Court’s decision and have clarity to continue growing our company.”
The SEC had accused Ripple in 2020 of selling about $1.3 billion worth of unregistered XRP tokens to raise cash. Ripple SEC lawsuit has huge implications, importantly, for defining the attitude of the regulator toward digital currencies.
The price of XRP surged more than 20% following the announcement as investors expressed a positive sentiment on the outcome.
Visited 33 times, 35 visit(s) today
Other Posts
Related Posts
- 1 hours ago 3 mins
Democrats Launches “Crypto For Harris” To Gain Support From 40M US Crypto Holders
- 21 mins ago 3 mins
Ripple SEC Lawsuit Continues to See a Victory for XRP
Knowledge
- 208 days ago 12 mins
Fiat To Fiat Converter: Detailed Guide For Beginners And Important Notes
Casino Reviews
- 332 days ago 49 mins
Top Bitcoin Casino Sites In 2024
Uncategorized
- 457 days ago 11 mins
Top 5 Gambling Projects Will Offer You The Most Attractive Benefits
Knowledge
- 208 days ago 12 mins
Crypto To Crypto Converter: Detailed Guide For Beginners And Important Notes
Knowledge
- 142 days ago 10 mins
Buy Dogecoin on eToro: Step-by-Step Guide for Beginners (2024)
Casino Reviews
- 332 days ago 19 mins
Top Bitcoin Gambling Sites In 2024
24h 7D 30D Trending
- 15 hours ago 3 mins
Morgan Stanley Clients Get Permission to Expand Bitcoin ETF Investments Starting Today
- 1 days ago 2 mins
Cantor Fitzgerald Predicts Huge Bitcoin Returns!
- 1 hours ago 3 mins
Democrats Launches “Crypto For Harris” To Gain Support From 40M US Crypto Holders
- 24 hours ago 2 mins
BlackRock Spot Ethereum ETF Now Seeks SEC Approval for Options Trading
- 1 days ago 2 mins
Crypto Hedge Funds Are Now Making a Positive Return to Bitcoin
Market
- 3 days ago 3 mins
Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets
- 4 days ago 2 mins
The Strategic Bitcoin Reserve Bill Is Now Officially Announced With Positive Community Response
- 3 days ago 2 mins
ETH Price Drop Triggers Massive Liquidations And Market Turbulence
- 3 days ago 2 mins
Memecoin Neiro Plummets 60% as Vitalik Sells for 44.4 ETH!
- 7 days ago 2 mins
Mt. Gox Repayments Now Completed for Over 17,000 Creditors
Market
- 3 days ago 3 mins
Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets
Press Releases
- 20 days ago 3 mins
PlayDoge ICO Raises $5.7 Million: Analyzing Why Investors Are Taking Notice
- 4 days ago 2 mins
The Strategic Bitcoin Reserve Bill Is Now Officially Announced With Positive Community Response
- 16 days ago 3 mins
US Spot Ethereum ETF Launches with Massive $10.3B Asset Surge!
- 18 days ago 2 mins
Spot Ethereum ETF Approval Signals New Shift in Cryptocurrency Regulation
Latest
view more
- 21 mins ago 2 mins
21 mins ago
8 Aug
Ripple SEC Lawsuit Continues to See a Victory for XRP August 8, 2024
- 1 hours ago 2 mins
1 hours ago
8 Aug
- 3 hours ago 4 mins
3 hours ago
8 Aug
Crypto Analysts Predict Explosive Gains for PEPE, Ethereum, and XRP – Don’t Miss These Targets! August 8, 2024
TOP Casino Projects
view more
Press Release
view more
- 3 hours ago 4 mins
3 hours ago
8 Aug
Crypto Analysts Predict Explosive Gains for PEPE, Ethereum, and XRP – Don’t Miss These Targets!
- 4 hours ago 4 mins
4 hours ago
8 Aug
Solana’s Meteoric Rise: How It Outpaced Ethereum in DeFi Trading Volume This July!
- 8 hours ago 3 mins
8 hours ago
7 Aug
Ripple (XRP) and Solana (SOL) Investors in Turmoil as $350 Billion Vanishes Overnight
Key Points:
A federal judge ordered Ripple Labs to pay $125 million for violating securities laws by selling XRP tokens to institutional investors, a significant reduction from the SEC’s $1.9 billion demand.
XRP’s price surged over 20% following the decision as a victory for the blockchain company in the Ripple SEC lawsuit.
A federal judge ordered Ripple Labs to pay $125 million in civil penalties for breaking security laws over the sale of XRP tokens to institutional investors.
Read more: Ripple CEO Brad Garlinghouse Criticizes SEC for Hypocrisy and Lack of Transparency
Ripple SEC Lawsuit Gives Company Another Win
The fine was paltry compared to the $1.9 billion the U.S. Securities and Exchange Commission was eyeing in the long-winding Ripple SEC lawsuit.
Analisa Torres, the same judge who earlier ruled that XRP wasn’t secure over its programmatic sales to retail clients, arrived at the fine on July 13, 2023, following findings that Ripple’s institutional investors flouted the selling regulations for the XRP token. She added that a permanent injunction has to be issued in order to stop further violations.
The ruling was a deep discount to the SEC’s opening demands of $1 billion in disgorgement and prejudgment interest and another $900 million in civil penalties. It came on the heels of last year’s partial summary judgment handed down to both sides, which decided that while Ripple’s institutional sales violated securities laws, their programmatic sales didn’t.
XRP Price Surges as Ripple CEO Cheers Legal Win
Ripple CEO Brad Garlinghouse hailed the ruling as a victory not only for the firm but also for the crypto space in general and, more importantly, for the rule of law. Moreover, Garlinghouse said, “We respect the Court’s decision and have clarity to continue growing our company.”
The SEC had accused Ripple in 2020 of selling about $1.3 billion worth of unregistered XRP tokens to raise cash. Ripple SEC lawsuit has huge implications, importantly, for defining the attitude of the regulator toward digital currencies.
The price of XRP surged more than 20% following the announcement as investors expressed a positive sentiment on the outcome.
Visited 33 times, 35 visit(s) today