{"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\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 v25.3 - 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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