SEC vs Ripple over - Ripple must pay $125m

[hugeblack]

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

I think it started since the acceptance of BTC ETF as from March 14th till today they talked about it once while last year they were very active. On March 14th there was no clear direction from Trump towards cryptocurrencies.

[UNIVERSE]

Although I did not fully understand if the ruling was in Ripple's favor, why should it pay a $125 million fine?

Why the must pay $125 million?
According to some media, they were accused "selling XRP token improperly to institutional investors".

Ripple Labs Inc. was ordered by a federal judge to pay a civil penalty of $125 million for improperly selling its XRP token to institutional investors, a fraction of what US regulators had sought in a long legal battle with the cryptocurrency company.

Source: https://www.bloomberg.com/news/articles/2024-08-07/ripple-labs-is-ordered-to-pay-125-million-penalty-in-sec-case

But in my opinion, Ripple fought very well and did not give up and won the battle that threatened its existence.

I agree Ripple has done their best in the court. At least they can decrease the amount of the fines. They are demanded to pay $2 billion, but they finally only pay $125 million. I hope the accusation is over now, Ripple can continue their development again. There is still enough time to grow until the peak of this bullrun season.

[MrSpasybo]

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?

The fine doesn't depend on time but on the settlement process between Ripple and the SEC, and I think this outcome is very good for Ripple after they won in proving that XRP is not a security.

Ripple also needs to end this lawsuit to help XRP escape the shadow of the legal case in the crypto market. This is a necessary condition for XRP to be able to increase in price in this bullrun after unfortunately missing the bullrun 2021. I hope XRP price will recover and increase soon thanks to the optimism in investor sentiment.

[yhiaali3]

I agree Ripple has done their best in the court. At least they can decrease the amount of the fines. They are demanded to pay $2 billion, but they finally only pay $125 million. I hope the accusation is over now, Ripple can continue their development again. There is still enough time to grow until the peak of this bullrun season.

Yes, they have enough time and great potential for development, I think this ruling will give them a great incentive to continue working and grow more.

If Ripple had lost the case, the company and its XRP coin would have ceased to exist, but now they can return to the market strongly and restore the trust that they almost lost due to this long case.

[philipma1957]

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?

Well Trump wins the election and goes after ripple to support BTC.

Ripple should take the win now and not be greedy.

[UNIVERSE]

Yes, they have enough time and great potential for development, I think this ruling will give them a great incentive to continue working and grow more.

Sure, the altcoins season is predicted to happen in the next year, there is still few months for XRP to grow. The success against SEC will boost the motivation of Ripple team to succeed building XRP future. I am really curious about the plans of Ripple team to grow XRP.

If Ripple had lost the case, the company and its XRP coin would have ceased to exist, but now they can return to the market strongly and restore the trust that they almost lost due to this long case.

Indeed. If Ripple defeated by SEC in the court, XRP will be in a big trouble. I am very sure that the investors gradually leave XRP, they move their funds to other altcoins. But the news of XRP wins in the court, will make the investors to be confident again. They will keep their investment in XRP.

[Freemind]

$125 million?. That's a joke for Ripple, like the coins that fall out of our pockets (although I never find any) when we sit on the couch. I hope that for Ripple pride is not stronger than reason and they pay the fine, I think it would be the smartest thing they could do considering that the amount is much lower than that previously demanded. If it all ends here, with the payment of that “small” amount, it could be said that Ripple has won with one of the best results it could have obtained.

I don't think either side is interested in dragging this out much longer, but there's also a chance (particularly the SEC) that they could appeal and start over.

[Zed0X]

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.

Who knows what their strategy is but now that the case is over and Ripple basically came out as a winner, some of them might be thinking it's worth the wait. If they participated during the private funding stage, they can still sell their holdings on an exchange.

[Manna]

The ruling and outcome of the ongoing legal battle between Ripple Labs and the SEC over XRP is really important in the crypto space.  The ruling states that XRP itself is not a security, but that Ripple Labs must pay more than $125 million to the SEC.  The fine is for some of Ripple's past activities, specifically when Ripple Labs sold XRP to investors, which the SEC claimed violated securities laws. Part of this long-running legal battle between Ripple and the SEC was how Ripple marketed XRP and sold XRP to investors.  sold to  The SEC claimed that Ripple offered unregistered securities through the sale, which legally violated regulations.  Although the court ultimately decided that XRP itself is not a security, Ripple's past activities fell within the regulator's claims.

[MrSpasybo]

$125 million?. That's a joke for Ripple, like the coins that fall out of our pockets (although I never find any) when we sit on the couch. I hope that for Ripple pride is not stronger than reason and they pay the fine, I think it would be the smartest thing they could do considering that the amount is much lower than that previously demanded. If it all ends here, with the payment of that “small” amount, it could be said that Ripple has won with one of the best results it could have obtained.

I don't think either side is interested in dragging this out much longer, but there's also a chance (particularly the SEC) that they could appeal and start over.

This is a huge victory for Ripple against the SEC, and $125M is a small amount compared to Ripple's financial potential. $125M is even less than the costs Ripple has incurred for this 4-year lawsuit, around $200M, I know Ripple will gladly pay to confirm their win.

This lawsuit has made XRP a less attractive token for investors over the past 4 years. It has been delisted and relisted on many exchanges, becoming a prime example of a token that failed in the bullrun 2021 when it couldn't create a new ATH. I hope Ripple can do something with its marketing network to bring XRP back as one of the most promising tokens with real utility in the financial market.

• Ripple will have spent $200 million fighting SEC lawsuit, CEO says

[Z-tight]

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.

The fine they received in the verdict had nothing to do with how long the case had lasted, i don't really know how you came up with that. Litigations of this type takes a lot of time to sort out and it should be tiring for both parties involved.

Take note that the fine was also never 'reduced', because this is the first and only fine they have received on this case, what the plaintiff was requesting doesn't matter, because it is still up to the judge to give the verdict, which they did.

[Faisal2202]

The fine they received in the verdict had nothing to do with how long the case had lasted, i don't really know how you came up with that. Litigations of this type takes a lot of time to sort out and it should be tiring for both parties involved.

Take note that the fine was also never 'reduced', because this is the first and only fine they have received on this case, what the plaintiff was requesting doesn't matter, because it is still up to the judge to give the verdict, which they did.

Dear case opened in 2020 and after 3 years in 2023, a significant development occurred to the allegations made by SEC that it's an unregistered security and now we are suing them for like $2 billion. But after the long case in 2023, the development was: They declared it a security when traded to institutional investors but when traded on exchanges it is not regarded as security.

What if in another 3 years, another significant development occurs or maybe till the result of the elections they won't pay the fine in the hope that maybe the SEC and CFTC administration will change and new rules for securities and commodities introduced? That can happen and if it really happens then they won't even have to pay the $ 125 million if in the future they are regarded as commodities. However, if XRP is regarded as a Commodity that would be a big milestone for them. I know this is the first official fine but SEC demanded for $2 Billion and I never meant to say the first fine was $2 Billion (officially).

[Vision pro]

After facing many challenges. The $125 million fine for Ripple, although part of the ruling was in their favor, may be part of a compromise to end the legal battle quickly and avoid further costs or risks.  Ripple has survived a long battle and has managed to maintain its existence despite facing major challenges, which is said to prove its strong position.

[Freemind]

This is a huge victory for Ripple against the SEC, and $125M is a small amount compared to Ripple's financial potential. $125M is even less than the costs Ripple has incurred for this 4-year lawsuit, around $200M, I know Ripple will gladly pay to confirm their win.

This lawsuit has made XRP a less attractive token for investors over the past 4 years. It has been delisted and relisted on many exchanges, becoming a prime example of a token that failed in the bullrun 2021 when it couldn't create a new ATH. I hope Ripple can do something with its marketing network to bring XRP back as one of the most promising tokens with real utility in the financial market.

• Ripple will have spent $200 million fighting SEC lawsuit, CEO says
  

It is true that it is a victory for them, and it would be stupid and a very serious mistake for Ripple to continue with the case for not paying such a “small” amount. The result, in addition to continuing to fight in court longer, could be a much larger fine. At least now they will have a clearer mind to continue in a more focused way. As for listing on exchanges, I don't think it's a big deal, getting back on those exchanges shouldn't take long after seeing the judge's verdict. So we can say that XRP will enjoy a new “beginning”.

Without the weight of the SEC on its shoulders and a market that is not favorable but also not negative, Ripple can make XRP shine again and we may see a new ATH at the right time.

[Captain Corporate]

Imagine seeing a company that does something illegal enough to pay 125 million dollars, and still buying their product. I mean I can't say its unheard of, Binance paid a lot and I still used the exchange, so who am I to judge others, but this isn't an exchange is it? Its a project, so these people who did something wrong, asks you to trust them with your money as an investment, so it would be equal to investing into BNB, not using binance and I do not have any bnb anymore. Just realize already that they are not legit, its been a decade and they haven't done anything to prove otherwise, they are just bad.