{"id":135095,"date":"2024-08-07T23:18:56","date_gmt":"2024-08-07T20:18:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135095"},"modified":"2024-08-09T13:54:04","modified_gmt":"2024-08-09T10:54:04","slug":"breaking-the-end-of-the-ripple-vs-sec-saga-has-finally-come","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/breaking-the-end-of-the-ripple-vs-sec-saga-has-finally-come\/","title":{"rendered":"BREAKING: The End of the Ripple vs. SEC Saga Finally C\u0430me"},"content":{"rendered":"

Judge Analysa Torres ruled that Ripple has to pay $125M in civil penalties and stop any further violations of securities laws, putting an end to the nearly four-year legal battle it fought with the U.S. regulator<\/span>. <\/span><\/p>\n

This fine is ideal for the fintech company, as the SEC had initially requested a penalty of $2 billion from <\/span>Ripple<\/span>.<\/span><\/p>\n

The official court decision stated:<\/span><\/p>\n

\u201cThe SEC’s motion for remedies and the entry of final judgment is GRANTED IN PART and DENIED IN PART. The Court shall enter a final judgment enjoining Ripple from further violations of the securities laws and imposing a civil penalty of $125,035,150.\u201d<\/em><\/p><\/blockquote>\n

\"Image\"<\/p>\n

At the time of writing XRP<\/a> <\/strong>is trading at $0.52, skyrocketing by more than 25% in less than 1 hour and has a 24-hour volume of around $1.68 billion. The altcoin’s market cap is currently $29.5 billion.<\/p>\n