The Ripple v. SEC case saw significant developments in 2024, with both parties filing motions and clashing over key issues. Judge Torres ultimately ordered Ripple to pay a $125 million fine for breaching securities laws. The outcome fueled optimism among XRP supporters, especially with the potential for new pro-crypto leadership influencing the case. However, the complexity of the legal process and possible appeals suggest the case could continue for several more years.
The Ripple v. SEC case culminated in August when Judge Torres ordered the company to pay a $125 million fine for breaching certain securities laws. The penalty represented a substantial reduction of what the regulator initially asked for.
Donald Trump’s election victory and Gary Gensler’s announced resignation fueled optimism among XRP supporters, expecting pro-crypto leadership to influence the case’s resolution favorably.2024 has been quite eventful for the legal battle between Ripple and the US Securities and Exchange Commission . In the first months of the year, both entities filed various motions in preparation for the trial’s start.
Many industry participants viewed the August ruling as a huge victory for Ripple, considering that the fine represents just a fraction of what the SEC initially asked for. The company’s executives also seemed pleased. CEO Brad Garlinghousein October, triggering a fresh doze of uncertainty. The action means that the lawsuit entered a new phase comprised of filings and a briefing process.
Cryptocurrency Ripple SEC Lawsuit XRP
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Skarsgård's Rotten Tomatoes Cold Streak Is Officially Over Thanks To Acclaimed Upcoming Horror MovieBill Skarsgard in the posters for The Crow (2024), Boy Kills World (2024), and Nosferatu (2024)
Read more »
Texas A&M Aggies DL Albert Regis Given SEC Honor For Community ServiceRegis was named to the 2024 SEC Community Service Team, along with 15 other SEC players.
Read more »
iPad Mini (2024) vs iPad Air (2024): Which One is Right for You?Apple's 2024 iPad lineup includes a refreshed iPad mini and a new iPad Air with two screen sizes. This comparison helps you decide between these two popular models.
Read more »
See How and What You Photographed in 2024 With Google Photos’ 2024 RecapGoogle Photos' new AI-powered year-in-review, 2024 Recap, shows users how and what they photographed in 2024.
Read more »
2024 Lookback: ‘Mufasa’ Meltdown Caps Unpredictable 2024 Box OfficeRevisiting 2024 box office predictions highlights missed expectations for “Mufasa,” “Joker,” “Inside Out 2,” “Deadpool” and more
Read more »
2024 Election Was a Chance to 'Educate Voters,' Ripple CEO Brad Garlinghouse SaysThe Ripple CEO says crypto-backed political action committees (PACs) were a response to the war on crypto.
Read more »