Ripple’s Request for Extension and Fine Deposit
Ripple’s legal battle with the SEC has taken a new turn. The company, originally given a 30-day deadline to pay a $125 million fine, has requested an extension. Ripple is seeking additional time, potentially to prepare for an appeal. To secure this extension, Ripple has proposed depositing 111% of the fine amount—approximately $139 million—into a bank account.·
For the full story, head over to TheCurrencyAnalytics.com.
