*Ripple Case with SEC: Recent Developments*
- *Fined $125 million*: Ripple has been fined $125 million by a federal judge after being found guilty of violating federal securities laws ¹.
- *Injunction issued*: An injunction has also been issued against Ripple, requiring the company to file a registration statement if it intends to sell any securities ¹.
- *SEC to appeal*: The SEC is likely to appeal the July 2023 ruling now that the judge has imposed a sentence ¹.
- *Case background*: The SEC had filed a lawsuit against Ripple in December 2020, alleging that the company had sold unregistered securities and raised $1.8 billion by selling the token ².
- *Ripple's claim of victory*: Despite the fine and injunction, Ripple has claimed a major victory in the case, with one of its lawyers stating that "this is a big win for Ripple" ².
