Ripple CLO: Here’s When Ripple Will Pay $125 Million Fine To SEC

The post Ripple CLO: Here’s When Ripple Will Pay $125 Million Fine To SEC appeared first on Coinpedia Fintech News

Ripple’s long legal fight with the U.S. Securities and Exchange Commission (SEC) is over, with the court ordering Ripple to pay a $125 million fine. This is a big win for Ripple and an important moment for cryptocurrency. Meanwhile, Ripple’s Chief Legal Officer, Stuart Alderoty, said in a recent interview that the company will pay the fine within….

Ripple Will Pay $125 Mln 

On 8th August, Judge Torres issued a pivotal ruling in Ripple’s XRP case against the SEC.  While the judge agreed that Ripple’s institutional sales of XRP, dating back to 2015, violated securities laws, but it also rejected the SEC’s demand for a $2 billion penalty. 

Instead, Ripple will pay a $125 million fine. Although the ruling also points out that XRP itself does not qualify as a security, a crucial clarification for the broader crypto market.

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