$XRP
In a significant move, Ripple Labs has requested a stay on monetary penalties in its ongoing legal dispute with the United States Securities and Exchange Commission (SEC). The payments company filed a motion to delay the $125 million fine imposed by the court as the case continues to determine whether XRP, Ripple’s token, is classified as a security.
Ripple’s move to delay paying the fine has sparked debate in the crypto community, particularly over whether the SEC will choose to appeal the case. Popular attorney James A. Murphy, also known as MetaLawMan, weighed in on the matter, suggesting that the SEC may still be considering its options. According to Murphy, the fact that Ripple was allowed to delay the payment likely indicates that the SEC is preparing an appeal.#CryptoExplorerFiesta
