Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case

Category: Finance

A federal judge imposed a $125 million fine on Ripple for violating securities laws through institutional sales of XRP, while programmatic sales to retail clients were deemed lawful. The judge also issued an injunction against future violations, citing concerns over Ripple's potential to breach securities laws again.

Keywords: Ripple, XRP, Securities Law

Source: Coindesk

Update At: 8/8/2024

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