Last August, New York judge Analisa Torres ordered Ripple to pay the regulator a $125 million fine for violating securities laws through institutional sales of XRP.
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Ripple to Get $75M of Court-Ordered Fine Back From SEC, Drops Cross-Appeal
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The judge in the SEC vs. Ripple case ruled in August 2023 that Ripple’s institutional sales of XRP violated securities laws, resulting in a $125 million fine, while sales to retail investors on exchanges were not deemed to violate securities regulations.
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Ripple Labs has agreed to pay a $50 million penalty to settle the U.S. SEC’s lawsuit for selling unregistered securities, resolving the case for less than half of the $125 million court-ordered fine for institutional XRP sales
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