In August 2024, the court issued its final judgement, imposing the $125 million penalty and the injunction that prevents Ripple from selling XRP to institutional clients in the U.S.
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Breaking: Massive Blow to Ripple as Judge Denies Key Motion
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The District Court upheld the injunction prohibiting Ripple from selling XRP to US institutional investors and left the $125 million penalty intact, rejecting the parties’ attempt to modify the judgment
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The court reaffirmed that Ripple violated securities laws by selling XRP to institutional investors without registration and upheld the $125 million penalty and injunction as necessary to prevent future violations
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