Last August, New York judge Analisa Torres ordered Ripple to pay the regulator a $125 million fine for violating securities laws through institutional sales of XRP.
Referenced by
The judge in the SEC vs. Ripple case ruled in August 2023 that Ripple’s institutional sales of XRP violated securities laws, resulting in a $125 million fine, while sales to retail investors on exchanges were not deemed to violate securities regulations.
Crypto news
Claim
News event
Ripple Labs has agreed to pay a $50 million penalty to settle the U.S. SEC’s lawsuit for selling unregistered securities, resolving the case for less than half of the $125 million court-ordered fine for institutional XRP sales
Crypto news
Claim
News event