{"id":136792,"date":"2024-09-05T15:00:15","date_gmt":"2024-09-05T12:00:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136792"},"modified":"2024-09-05T13:26:59","modified_gmt":"2024-09-05T10:26:59","slug":"ripple-seeks-to-delay-125-million-payment-in-sec-case","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripple-seeks-to-delay-125-million-payment-in-sec-case\/","title":{"rendered":"Ripple Seeks to Delay $125 Million Payment in SEC Case"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.551082\/gov.uscourts.nysd.551082.975.0.pdf\" target=\"_blank\" rel=\"nofollow\">motion<\/a><\/strong>, filed Sept. 4, seeks a stay of payment and proposes that Ripple deposit 111 percent of the amount \u2013 about $139 million \u2013 into a bank account.<\/p>\n<p>That deposit will be forfeited until 30 days after the appeal period expires or any appeal is resolved.<\/p>\n<p>The Securities and Exchange Commission (SEC) agreed to this request, signaling the possibility of an impending appeal.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ripple-seeks-to-delay-125-million-payment-in-sec-case\/\" title=\"Ripple Seeks to Delay $125 Million Payment in SEC Case\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sec-ripple-1-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ripple Seeks to Delay $125 Million Payment in SEC Case<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Although the August 7 ruling was hailed as a \u201cvictory\u201d by Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderotti, current developments suggest the case may not be fully resolved.<\/p>\n<p>Judge Annalisa Torres has not yet approved the request for a stay, and both parties have 60 days to file an appeal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":3,"featured_media":38482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-136792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple Seeks to Delay $125 Million Payment in SEC Case<\/title>\n<meta name=\"description\" content=\"The legal team defending Ripple Labs against the U.S. Securities and Exchange Commission (SEC) has requested a stay of...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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