Ripple Labs has requested a stay on the $125 million monetary judgment as part of its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The request comes just before the deadline for the company to pay the penalty, initially ordered by Judge Analisa Torres. Both Ripple and the SEC are preparing to file appeals, which could significantly impact the direction of this high-profile case.
Specifically, Ripple filed the request with Judge Torres on September 4, before the payment’s deadline on September 6. A motion that defense lawyer James K. Filan pointed out is time-sensitive. Ripple needs a stay on the monetary judgment that was given on August 7, 2024. Indeed, the LLC has never been as cooperative as it is now, granting the request of Ripple with outstretched hands, indicating a moment of unity out of their bitter confrontation.
The post "Ripple Labs Requests Stay on $125 Million Judgment in SEC Case" first appeared on 36crypto.com News.
