SEC vs Ripple over - Ripple must pay $125m

[NotATether]

Judge Torres has made her final ruling in the SEC vs Ripple case, with a judgement that Ripple must pay fines/ penalties of just over 125 million dollars. This is much less than the 2 billion dollars the SEC was asking for.

This means the case is now over, though either side can appeal. If that happens, it could take a couple of years to resolve. However, the SEC cannot appeal the ruling that XRP is inherently not a security.

https://www.courtlistener.com/docket/19857399/securities-and-exchange-commission-v-ripple-labs-inc/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc#entry-974

So this verdict says, that XRP is not a security, but that Ripple has to pay over $125 million to the SEC, for what exactly?

I do not like Ripple Labs in any capacity, but the SEC is not endearing themselves to anybody with these kind of rulings.

I don't think I'm going to take any sides on this, but I think it's verify likely that one of these parties will appeal.

[Crwth]

Compared to the original price, I think that is better. I guess it’s just a fine that they sold XRP without the clearing from the SEC.

They would pay for it if they want to deal with it first. If not, I believe an appeal would be ideal, but it would again take a long time.

I Believe paying is better so it would be easier for them.

[Zed0X]

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So this verdict says, that XRP is not a security, but that Ripple has to pay over $125 million to the SEC, for what exactly?

It's for the sales of XRP to institutional investors. Remember that the previous ruling states that sale to retail investors is not a violation of securities laws but for institutional sales, it is.

CMIIW but since SEC did not contest the above ruling, I don't think they will appeal on the penalty. Ripple will most likely just pay to end this long battle.

[yhiaali3]

I also believe that Ripple will pay to end this long battle that has taken years, and also $125 million is not a problem for Ripple and is much less than the $2 billion that the SEC was demanding.

Although I did not fully understand if the ruling was in Ripple's favor, why should it pay a $125 million fine? But in my opinion, Ripple fought very well and did not give up and won the battle that threatened its existence.

[TomPluz]

Compared to the original price, I think that is better. I guess it’s just a fine that they sold XRP without the clearing from the SEC. They would pay for it if they want to deal with it first. If not, I believe an appeal would be ideal, but it would again take a long time. I believe paying is better so it would be easier for them.

The judge on this case made a win-win formula where both sides can claim victory. And at the end of the day, XRP can easily pay the $125 million fine and can go on with its business as a non-security which is, for me, the most important aspect of this case. SEC can claim that it got what it wanted with the money imposed on Ripple though it is a far cry from the 2 billion it was seeking but SEC knows it can not get all the things it wanted, in the first place. As what I am reading on the news, both parties are doing the victory lap dance so this is a very good ending for this very landmark case for the cryptocurrency industry. I am hoping that XRP will start to grow at remained stagnant for so many months now.

[target]

$125M is peanuts for Ripple Labs. They've made lots of money manipulating prices for a long time. Victory for XRP because the SEC couldn't appeal on same argument and this could a way for XRP to have ETF in the future right?

SEC losing against XRP would also mean, the altcoins could also be commodities. Lots of changes that will come into because of this victory.

[ABCbits]

Aside from the fee, it's surprising Ripple manage to secure statement "XPR isn't security", when XRP is centralized (due to trusted validator).

[Z-tight]

I believe xrp got a favorable judgement, that they are not a security, the fine should be nothing to them and they are surely going to pay it, i don't see them appealing that. Neither do i think the sec would appeal the judgement of the fine imposed on xrp, since they cannot appeal the verdict that they are not a security.

[Faisal2202]

Compared to the original price, I think that is better. I guess it’s just a fine that they sold XRP without the clearing from the SEC.

They would pay for it if they want to deal with it first. If not, I believe an appeal would be ideal, but it would again take a long time.

I Believe paying is better so it would be easier for them.

I think an appeal won't do any good to XRP the price is no doubt lesser one than the demand but still a business owner always tries to negotiate but if he thinks that's the lowest a judge will go then it means there will be no appeal.

Why do you think another appeal would take a long time, and what's bad in a long time too I mean did this cause any problems for Ripple?

Don't get me wrong I actually did not read the story about Ripple and the SEC case but by reading some replies I get that they were not registered with the SEC and the SEC sued them. So what's really causing problems even if the case is on did they halt their work.

[Z-tight]

Why do you think another appeal would take a long time, and what's bad in a long time too I mean did this cause any problems for Ripple?

It would take a very long time because litigations of this nature takes a lot of time, the just concluded case took a very long time before the court was able to reach a verdict, the case has been on since 2020, if i remember correctly. An appeal would follow that pattern.

[philipma1957]

Aside from the fee, it's surprising Ripple manage to secure statement "XPR isn't security", when XRP is centralized (due to trusted validator).

its a stunning decision.

and likely will result in the 2025/2026 crash of the cryptomarket.

I am more and more cynical and see this as more evidence that crypto is used as a yoyo to manipulate the stock markets.

[Faisal2202]

It would take a very long time because litigations of this nature takes a lot of time, the just concluded case took a very long time before the court was able to reach a verdict, the case has been on since 2020, if I remember correctly. An appeal would follow that pattern.

I think the longevity of the case proved to be in favor of Ripple as the fine has been reduced from $2 Billion (requested by SEC) to $123 million which is very affordable for Ripple.

But still if the case go for another year maybe the fine will reduce more. That's why I asked what's bad in delaying the case as it brought some benefit for the XRP on the table  maybe it could being more haha.

So what's really harming Ripple if the case goes further long?

[NotATether]

It's for the sales of XRP to institutional investors. Remember that the previous ruling states that sale to retail investors is not a violation of securities laws but for institutional sales, it is.

Imagine being an institution that's paying for XRP but you know that XRP can't even manage long-term gains, let alone short-term ones.

I'm curious to know what any sort of investor is thinking about holding this right now, because clearly XRP can't even manage to turn a profit, so it has no business being a top-5 coin.

[hugeblack]

$125M is peanuts for Ripple Labs. They've made lots of money manipulating prices for a long time. Victory for XRP because the SEC couldn't appeal on same argument and this could a way for XRP to have ETF in the future right?

They can appeal the ruling and try to reduce the amount or gain more years before paying it but I don't think the SEC is as enthusiastic about crypto as it was in the past.


Check out the press-releases over the past year and the last 4 months and you'll see that they've talked less about crypto. ------> https://www.sec.gov/newsroom/press-releases?page=3

[NotATether]

They can appeal the ruling and try to reduce the amount or gain more years before paying it but I don't think the SEC is as enthusiastic about crypto as it was in the past.

Check out the press-releases over the past year and the last 4 months and you'll see that they've talked less about crypto. ------> https://www.sec.gov/newsroom/press-releases?page=3

I think they've started to realize that going after all those crypto companies that are violating securities regulations as well as the influencers promoting them is a money drain, because they fail to actually catch most of them.

That, and the SEC probably trying to stay out of the election cycle news by avoiding any talk about crypto