[[{“value”:”The post Ripple vs SEC Lawsuit Ends, XRP Price Surges 17% Following Favorable Court Ruling appeared first on Coinpedia Fintech News
After nearly four years of fighting the United States Securities and Exchange Commission (SEC), Ripple Labs, a blockchain payment company, has received much-needed clarity from the court on XRP sales.
On Wednesday, US District Judge Analisa Torres concluded that the SEC’s motion for remedies and the entry for final judgment has been granted and denied in part.
As a result, the court issued a civil penalty of $125,035,150 to Ripple and ordered the company to cease further violation of securities laws.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres has issued her Ruling on the SEC’s Motion for Remedies. https://t.co/PV8R1hWtvq
— James K. Filan (@FilanLaw) August 7, 2024
Ripple Community Celebrates
The Ripple and XRP global community has celebrated the final ruling of the lawsuit filed by the US SEC. Furthermore, the cou
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