There was a big development in the Ripple (XRP) case and judge Torres decided that the company should pay a penalty of $ 125 million. With this, a positive decision was made that XRP trading on exchanges is legal.
The decision was enthusiastically welcomed by the XRP community, as the fine was expected to be around $2 billion.
Ripple CEO Brad Garlinghouse said in his latest statement:
“The SEC requested $2 billion, and the Court agreed they overexerted their hands by reducing that request by ~94%. We respect the Court's decision and have the clarity to continue growing our company.
This is a victory for Ripple, the industry, and the rule of law. The SEC's barriers to the entire XRP community have been removed.”
*This is not investment advice.
