Judge Analisa Torres ordered Ripple Labs to pay a $12.5M penalty and permanently banned them from violating US securities laws, reducing the SEC's proposed penalty by 94%.

Judge Analisa Torres ordered Ripple Labs to pay a $125 million civil penalty and permanently banned the company from violating US securities laws, in a case brought by the SEC. Ripple's CEO, Brad Garlinghouse, called it a "victory," as the court reduced the SEC's proposed penalty by 94%. This ruling seems to mark the final stage of Ripple's case with the SEC, which began in December 2020.

August 07, 2024
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