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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.
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La jueza Analisa Torres ordenó a Ripple Labs pagar una sanción de 12,5 millones de dólares y les prohibió permanentemente violar las leyes de valores estadounidenses, reduciendo la sanción propuesta por la SEC en un 94%.