According to BlockBeats, a significant development occurred last week in one of the most closely watched legal cases in the cryptocurrency sector. A federal judge ordered Ripple Labs Inc. to pay a $125 million civil penalty for selling its XRP tokens to institutional investors without registering with the U.S. Securities and Exchange Commission (SEC). This penalty is a small fraction of the $2 billion sought by the SEC, which could be seen as a positive sign for other crypto companies battling the SEC.

The case against Ripple began in December 2020 when the SEC sued Ripple and its executives, including co-founder Christian Larsen and CEO Bradley Garlinghouse, accusing them of creating an