**Ripple's $125M Ripple Effect: SEC Case Concludes with a Bang! đ„**
In a plot twist worthy of a crypto thriller, Ripple Labs has been slapped with a $125 million civil penalty by a federal judge. The US SEC vs. Ripple case finally wrapped up on Aug. 7, with Judge Analisa Torres ruling that Ripple violated US securities laws in 1,278 transactions.
Despite the SEC's hopes for a $2 billion penalty, Ripple got off with a lighter (but still hefty) fine. The payment is due within 30 days.
What do you think about this verdict? Drop your thoughts in the comments! đŹ
#CryptoNews #Ripple #SEC
