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What will be the next major legal action involving Ripple Labs by August 7, 2025?
2
Resolution / Starting Odds
SEC lawsuit • 25%
Class action lawsuit • 25%
Settlement with SEC • 25%
No major legal action • 25%
Public records and announcements from the SEC and 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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Further appeals by SEC • 25%
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Case closed with no further action • 25%
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Federal securities claim • 25%
State securities claim • 25%
Consumer protection claim • 25%
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No action taken • 33%
Cross-appeal filed • 33%
Settlement negotiations initiated • 34%
Ripple wins • 25%
SEC wins • 25%
Settlement • 25%
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SEC wins completely • 25%
Ripple wins completely • 25%
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Partial win for Ripple • 25%
Ripple wins • 25%
SEC wins • 25%
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Ongoing • 25%
SEC wins • 33%
Ripple wins • 33%
Case settled • 33%