Ripple Faces Ongoing Legal Challenges Over $125 Million Fine

According to Odaily, crypto journalist Eleanor Terrett reported on the X platform that Judge Torres's ruling from August last year in the Ripple case remains valid, requiring Ripple to pay a $125 million fine. Although the SEC has agreed in principle to drop its appeal regarding programmatic/secondary market sales, Ripple has not yet agreed to withdraw its appeal against the fine and the ongoing injunction. This injunction prevents Ripple from selling XRP to institutional investors without registering these sales as securities. Sources indicate that Ripple is technically now the plaintiff rather than the defendant. Ripple has the option to continue appealing the fine and injunction or to revoke them.