Judge orders Ripple to pay $125 million in civil penalties, officially ending SEC lawsuit and concluding that $XRP is not a security
Brad Garlinghouse, CEO at Ripple comments "The SEC asked for $2 billion and the Court reduced their demand by approximately 94% recognizing that they had overreached. We respect the Court's decision and have clarity to continue growing our company
This is a victory for Ripple, the industry, and the rule of law. The obstacles that the SEC had against the entire XRP community are gone"