Ripple vs. SEC: Could the Lawsuit Close with a $125M Judgment?
The post Ripple vs. SEC: Could the Lawsuit Close with a $125M Judgment? appeared on BitcoinEthereumNews.com.
According to Attorney Fred Rispoli, Ripple may be required to pay the full $125 million fine as the SEC delays further decisions, awaiting new leadership. The lawsuit, which began in December 2020, stems from the SEC’s claim that Ripple conducted an unregistered securities offering. Legal experts say the protracted legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may conclude with the $125 million judgment against Ripple remaining unchanged. Attorney Fred Rispoli suggests that the SEC might be delaying further action, possibly awaiting Paul Atkins’s takeover before making final decisions. Currently, Interim SEC Chair Mark Uyeda has replaced Gary Gensler as the highest-ranking official at the SEC. As we noted in a previous report, the SEC has already dismissed crypto-related lawsuits against Uniswap, Kraken, Coinbase, and ConsenSys, yet it has shown no signs of considering a dismissal in the ongoing case against Ripple. Additionally, it has established a dedicated crypto task force aimed at fostering innovation while ensuring accountability. This initiative, led by SEC Commissioner Hester Peirce, was launched in January, signaling a more balanced regulatory approach toward the crypto industry. On August 7, 2024, Judge Analisa Torres of the U.S. District Court for the Southern District of New York delivered a mixed ruling. She determined that while Ripple’s institutional sales of XRP did qualify as securities transactions, its programmatic sales to retail investors did not. Consequently, Ripple was fined $125 million for the institutional sales, a figure significantly lower than the $2 billion sought by the SEC. Fred Rispoli commented on this, “Yes, I’m saying I bet there are significant discussions on having this penalty reduced or waived.” XRP as a Potential Settlement Option Ripple has long maintained a significant portion of its XRP supply in escrow, periodically releasing a set amount to ensure price…
Filed under: News - @ March 9, 2025 12:15 am