Ripple Labs must pay the SEC a $125 million fine, way less than the almost $2 billion initially asked for. This led to a 26% rise in XRP’s price, showing a possible turning point in the lawsuit. The legal battle has kept the crypto community on edge. After the fine was announced, XRP’s value quickly…
For over three and a half years, Ripple Labs has been in a legal fight with the US Securities and Exchange Commission (SEC)1. Ripple CEO Brad Garlinghouse is celebrating some wins. This includes a court fine that was much less than expected — only $125 million instead of $2 billion. The debate over when the…
Ripple’s XRP recently soared by about 30% in late March 2023, fired up by hopes of ending its long legal fight with the SEC1. After a small win allowed Ripple to make the SEC reveal the “Hinman documents,” CEO Brad Garlinghouse shared his hopeful outlook for solving the case this year1. Now, Ripple has asked…
Ripple’s Programmatic Sales of XRP were less than 1% of global XRP trading. Most buyers didn’t directly invest in Ripple1. This emerged from Judge Analisa Torres’ significant rulings on XRP in July 2023. These decisions greatly influenced the crypto world, changing how investors and markets act. Specifically, Judge Torres found the SEC’s claim that XRP…