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Ripple was fined $125 million in its lawsuit with the SEC

Ripple was fined $125 million in its lawsuit with the SEC

Bitget2024/08/07 23:19
XRP-0.78%

According to a public document, the U.S. SEC's motion and final judgment against Ripple were partially approved and partially rejected. Judge Torres made the final ruling, prohibiting Ripple from further violating securities laws, and imposed a civil penalty of $125,035,150 on it. The SEC initially requested a fine of $2 billion for Ripple.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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