š¤ Court Makes Final Ruling in SEC vs. Ripple
A federal judge has ordered Ripple to pay $125 million in civil penalties and issued an injunction against future securities law violations.
The injunction requires Ripple to file a registration statement if it intends to sell any securities.
The court ruled that Ripple violated securities laws in 1,278 institutional sales of XRP.
The SEC had previously sought a $2 billion fine.
The court also affirmed that Rippleās sales of XRP to retail investors through exchanges did not violate securities laws.#Xrpš„š„ $XRP