XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’
The price of XRP surged 26% as a New York federal judge moved closer to ending a three-year securities lawsuit against Ripple Labs, in what its executives are calling a “victory” for the industry.
On Aug. 7, a federal judge ordered Ripple Labs to pay a $125 million civil penalty and said the firm was “permanently restrained and enjoined” from violating United States securities laws as part of a case brought by the Securities and Exc