XRP Lawsuit Update Today: Will Ripple Seek a Penalty Reduction or Pay $125M?
The post XRP Lawsuit Update Today: Will Ripple Seek a Penalty Reduction or Pay $125M? appeared first on Coinpedia Fintech News
A recent development today reveals that the SEC is set to drop the lawsuit against Coinbase, which could be a major win for the crypto industry. But is Ripple next? Let’s see what industry experts have to say.
According to Fox Business reporter Eleanor Terrett, the proceedings in the Ripple case are more complex compared to Coinbase. This is because they already have an order from Judge Torres at the district level to pay the $125M penalty, she noted.
Will SEC Drop Appeal At Second Circuit?She noted that Judge Torres will oversee the case until August 7, 2025, to ensure the penalty is paid. Besides, she also shared that the SEC might decide to drop the appeal at the Second Circuit, but they’ll still need to figure out how to handle the penalty ruling in the district court. They could negotiate to reduce or remove the penalty and would need Judge Torres’s approval to make it official.
