Ripple Seeks to Delay $125 Million Payment in SEC Case
05.09.2024 15:00 1 min. read Alexander Stefanov
The legal team defending Ripple Labs against the U.S. Securities and Exchange Commission (SEC) has requested a stay of the monetary portion of the judgment requiring Ripple to pay $125 million.
The motion, filed Sept. 4, seeks a stay of payment and proposes that Ripple deposit 111 percent of the amount – about $139 million – into a bank account.
That deposit will be forfeited until 30 days after the appeal period expires or any appeal is resolved.
The Securities and Exchange Commission (SEC) agreed to this request, signaling the possibility of an impending appeal.
Although the August 7 ruling was hailed as a “victory” by Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderotti, current developments suggest the case may not be fully resolved.
Judge Annalisa Torres has not yet approved the request for a stay, and both parties have 60 days to file an appeal.
-
1
Nvidia Surges as Barclays Sees $200 Target on Blackwell Momentum
18.06.2025 11:00 1 min. read -
2
Gold Glides Toward New Peaks as Middle-East Strife Lifts Safe-Haven Demand
15.06.2025 10:00 2 min. read -
3
a16z Backs EigenCloud Launch With Fresh $70M Token Buy
18.06.2025 14:00 1 min. read -
4
Bybit Steps Into DeFi With Solana-Based Platform
16.06.2025 17:00 1 min. read -
5
ARK Invest Takes Early Profits After Circle’s Skyrocketing IPO
18.06.2025 9:00 1 min. read
What’s Driving July’s Crypto Conversations, According to Santiment
According to Santiment’s latest narrative dashboard, the start of July has seen a surge in online discussions around a wide range of crypto themes, with Solana ETFs, stablecoins, Virtuals, Robinhood, and AI bot projects like Yapyo & Kaito leading the spike in mentions across platforms.
Market Odds of a U.S. Recession in 2025 Drop in Half Since May
The likelihood of the United States entering a recession in 2025 has dropped significantly, according to the latest market data from prediction platform Polymarket, where recession odds have fallen to just 22%, marking a notable decline from earlier highs in April and May.
Majority of U.S. Crypto Investors Back Trump’s Crypto Policy, Survey Finds
A recent poll reveals that over 70% of U.S. crypto investors support President Donald Trump’s current approach to digital asset policy, reflecting growing optimism within the sector.
Donald Trump Signs “One Big Beautiful Bill”: How It Can Reshape the Crypto Market
U.S. President Donald Trump has officially signed his sweeping policy bill into law, enacting one of the most consequential pieces of legislation of his presidency.
-
1
Nvidia Surges as Barclays Sees $200 Target on Blackwell Momentum
18.06.2025 11:00 1 min. read -
2
Gold Glides Toward New Peaks as Middle-East Strife Lifts Safe-Haven Demand
15.06.2025 10:00 2 min. read -
3
a16z Backs EigenCloud Launch With Fresh $70M Token Buy
18.06.2025 14:00 1 min. read -
4
Bybit Steps Into DeFi With Solana-Based Platform
16.06.2025 17:00 1 min. read -
5
ARK Invest Takes Early Profits After Circle’s Skyrocketing IPO
18.06.2025 9:00 1 min. read