Ripple has been fined $125 million in the lawsuit against the United States Securities and Exchange Commission. That’s just a fraction of what the SEC had previously asked for in the case.
The fine that Judge Analisa Torres handed down is far less than the $1 billion in disgorgement and prejudgment interest and $900 million in civil penalties that the SEC was seeking.
XRP investors have seen this as a positive for the company and the cryptocurrency, which exploded by more than 20% immediately after the news.
Source: CoinMarketCap
This story is developing.
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