Bloomberg: Ripple case is a good sign for other crypto companies fighting the SEC
Bloomberg reported that one of the most watched legal cases in the cryptocurrency field made important progress last week. A federal judge ordered Ripple Labs Inc. to pay a civil fine of $125 million for selling its XRP tokens to institutional investors without registering with the U.S. Securities and Exchange Commission (SEC). This fine is only a small part of the $2 billion sought by the agency, which may be good news for other cryptocurrency companies fighting with the SEC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Do Kwon’s extradition case goes back to Montenegrin justice minister
SEC seeks sanctions against Elon Musk over Twitter purchase
SEC greenlights listing and trading options for BlackRock's spot bitcoin ETF
The SEC approved spot bitcoin ETFs earlier this year, but had not yet approved listing and trading for options on those products.
Securitize adds Wormhole for multi-chain RWA tokens
Trending news
MoreCrypto prices
More
