Bloomberg: Ripple case is a good sign for other crypto companies fighting the SEC

Bloomberg reported that one of the most watched legal cases in the cryptocurrency field made important progress last week. A federal judge ordered Ripple Labs Inc. to pay a civil fine of $125 million for selling its XRP tokens to institutional investors without registering with the U.S. Securities and Exchange Commission (SEC). This fine is only a small part of the $2 billion sought by the agency, which may be good news for other cryptocurrency companies fighting with the SEC.