[[{“value”:”The post SEC Accepted Its Defeat, Won’t Challenge Ripple XRP Case Ruling, But!!! appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has announced it will not appeal the recent court ruling in the Ripple XRP case. The decision, which followed Judge Torres’ order on August 7, 2023, marks a significant moment in the ongoing legal struggle between the SEC and Ripple.
The court’s ruling, which imposed a $125 million penalty on Ripple, was far less severe than the SEC’s initial $2 billion demand. This move has left many wondering about whether the SEC appeal this ruling again.
SEC Drops Appeal on Ripple Case
In response to the recent court ruling against Ripple, FOX Business journalist Eleanor Terrett reached out to the U.S. Securities and Exchange Commission (SEC) for comment.
An SEC spokeswoman highlighted that the court imposed significant measures, including an order to stop Ripple from breaking securities laws again, and f
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