Ripple to Pay $125 Million Fine for Unregistered XRP Sales
2024-08-07 20:43:54 UTC
| defi.io/351
The SEC had sought a more substantive $2 billion judgement.
A New York court on Wednesday ordered fintech company Ripple to pay a $125 million fine in its lawsuit with the Securities and Exchange Commission.
The civil penalty is significantly less than the $2 billion sought by the Securities and Exchange Commission.
This is a developing story and will be updated as more information is available.
Source: decrypt.co
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