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What will be Ripple's compliance status with the injunction to restrain from further securities law violations by August 7, 2025?
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Resolution / Starting Odds
Full compliance • 25%
Minor violations • 25%
Major violations • 25%
Non-compliance leading to new penalties • 25%
Federal court records and public announcements by Ripple Labs
Story
Ripple Ordered to Pay $125,035,150 Fine in SEC Case
Aug 7, 2024, 08:16 PM
A federal judge has ordered Ripple Labs to pay a $125,035,150 civil penalty for selling its XRP token to institutional investors, concluding a nearly four-year legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC had initially sought a $2 billion penalty, but the court ruled for a significantly lower amount. Judge Torres also issued an injunction restraining Ripple from further violations of securities laws. The ruling denied the SEC's demand for disgorgement, citing no losses shown by the agency.
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No action taken • 33%
Cross-appeal filed • 33%
Settlement negotiations initiated • 34%
Further appeals by SEC • 25%
Settlement reached • 25%
Case closed with no further action • 25%
Other legal developments • 25%
Ripple wins • 25%
SEC wins • 25%
Settlement • 25%
Ongoing • 25%
Settlement reached • 25%
Case dismissed • 25%
Trial date set • 25%
Other major development • 25%