Ripple Labs has settled its legal battle with the US Securities and Exchange Commission (SEC) for $125 million in civil penalties. This marks the end of a significant legal dispute.
The settlement includes the following key points:
Following the settlement news, XRP's price surged by 20%, reaching $0.6056, recovering from a one-month low of $0.4315.
The 1D chart shows XRP’s price surge following the settlement. Source:XRPUSDT on TradingView.com
The court highlighted that while Ripple violated securities laws through its Institutional Sales, there were no allegations of fraud or misappropriation. The SEC did not prove that Ripple’s actions caused significant losses or risk to investors.
This settlement allows Ripple to continue its business without legal uncertainty, marking a significant, though not total, victory for the company.
The SEC has appealed its case against Ripple Labs, arguing the district court's ruling contradicts Supreme Court precedent and securities law. This follows Judge Analisa Torres' decision that Ripple's institutional sales violated securities laws, but retail sales did not. Who will emerge victorious this time round?
CatherineRipple celebrates a legal win over XRP, but the SEC’s likely appeal keeps the controversy alive as tensions escalate.
Xu LinHackers hijacked the Indian Supreme Court's YouTube channel Friday to broadcast ads shilling XRP, the seventh-largest cryptocurrency.
SanyaRipple may win its SEC case as the agency hesitates to appeal. Ripple's legal victories boost XRP’s price and market acceptance.
Huang BoRipple CEO Brad Garlinghouse praised Japan's clear blockchain regulations and discussed the future demand for Yen-backed stablecoins. Ripple plans to launch its U.S.-based stablecoin first, with potential future expansion into Japan.
WeatherlyRipple has recently increased its blockchain influence in Asia through its cooperation with Futureverse, a Japanese artificial intelligence and metaverse technology company, and South Korea's Yonsei University joining Ripple's University Blockchain Research Initiative (UBRI).
DanteRipple has expanded its bank ID to China and Hong Kong, but one user clarified that the update did not authorize XRP tokens for these transactions.
AlexIndia's crude oil trade with the UAE via XRP Ledger marks a major blockchain breakthrough, highlighting XRP's rising potential and altcoin impact.
Huang BoSEC fines Ripple $125M in XRP lawsuit; ODL sales unaffected, XRP surges 20%.
Xu LinSEC Seeks Ripple Case Extension: Requests deadline shifts for settlement briefings. XRP price reacts positively, surging to $0.59.
Xu LinMassive 25.10 million XRP transfer to Bitstamp amid Ripple-SEC lawsuit extension sparks market speculation. Despite sell-off, XRP price rebounds, raising manipulation concerns. Derivatives data suggests potential uptrend, but analyst warns of resistance levels, hinting at price correction.
Huang BoRipple Labs CEO Brad Garlinghouse said Friday that the SEC has been a “bully.” The SEC has cracked down on the industry in a mission to protect investors, ramping up enforcement actions over the past year.
TheBlockParadigm, a research-driven tech firm, has strongly criticized the United States securities regulator for its misguided pursuit of Bittrex, a ...
BitcoinistThe ongoing legal battle between blockchain firm Ripple and the Securities Exchange Commission (SEC) is projected to impact the general crypto market.
FinboldIf the regulator is successful in this case, it might have very negative repercussions for XRP, its investors, and the cryptocurrency sector as a whole.
FinboldThough hype around NFTs has died down considerably over the past few bear market months, Ripple NFTs developer community continues to invest.
BitcoinistThe Ripple vs SEC case continues to produce encouraging signs of a favorable end for Ripple which in turn would boost XRP price action.
BeincryptoThe U.S. Securities and Exchange Commission and Ripple Labs both filed motions for summary judgment.
OthersAs the case against Ripple rages on, the SEC wants to see certain “friends of the court” in support of Ripple be barred from providing legal aid to the defense.
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