Daily Digest Market Movers: Ripple lawsuit ends, but SEC could appeal ruling
- Ripple lawsuit ended with Judge Analisa Torres asking the firm to pay $125 million in penalties for the likelihood that it eventually crosses the line by violating federal securities law in the future.
- As traders digested the news of the SEC vs. Ripple ruling, pro-crypto attorney Fred Rispoli explained that Judge Torres recognized the absence of litigation in her final ruling.
- In her ruling, Judge Torres says that “The Court finds that Ripple’s willingness to push the boundaries of the order evinces a likelihood that it will eventually, if it has not already crossed the line. On this balance the Court finds that there is a reasonable probability of future violations, meriting the issuance of an injunction."
- The ruling judge slammed Ripple with $125 million in fines, and predicted a “violation” is likely, if it hasn’t occurred already.
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