Ripple Vs SEC: Judge Torres Ruling Sets Ripple Test For Crypto Industry
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Ripple Vs SEC: Judge Torres latest decision sets precedent for Coinbase and other lawsuits. It also provided Ripple Test for crypto industry.

Ripple Vs SEC: The long-running lawsuit between crypto leader Ripple and the U.S. Securities and Exchange Commission nears an end as the court ordered Ripple Labs to pay a $125 million civil penalty.

The penalty imposed being significantly less than the $2 billion sought by the government agency could turn the tables in favor of crypto companies in legal battles due to “Ripple Test” for crypto industry.

Ripple Vs SEC Key Precedent for Other Crypto Lawsuit

In a report on August 14, Bloomberg asserted that the outcome of the Ripple case could help shape the future of other crypto cases and legal disputes.

The Binance, Coinbase, and Consensys lawsuits now have a strong precedent to resolve conflicts between parties and decisions in part of the case such as crypto programmatic and secondary sales.

One of the most-watched legal cases in crypto comes to an end after Judge Torres issued a partial win for both parties. Judge Torres ordered Ripple Labs to pay a $125 million civil penalty instead of 876,308,712.

The judge was also in favor of the defendant as she turned down $876,308,712 in disgorgement and $198,150,940 in prejudgment interest sought by the SEC in the Ripple vs SEC case.

However, the judge ruled in favor of the U.S. Securities and Exchange Commission as Ripple Labs is prevented from selling unregistered securities under Section 5 of the Securities Act of 1933. However, the company can still XRP securities sales with a registration statement.

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