The Ripple vs US Securities and Exchanges Commission (SEC) battle might finally be coming to an end with XRP taking the trophy home. Today, District Judge Analisa Torries has concluded that Ripple’s fine would be set at $125.035 million. The fine was imposed for violating securities law on the institutional front. Notably, Judge Torries had rendered a partial win to Ripple Labs a few months ago by deeming the programmatic sales of XRP to retail investors as not a violation of securities law.
The new ruling has given the price of XRP as massive push. According to CoinMarketCap, XRP has skyrocketed by 22% in the past hour, with the coin trading at $0.6123 at press time. The past 24-hour chart registered a uptrend of over 19%. The market cap for the coin was at over $34 billion, while the trade volume stood at over $2 billion.
The story is still developing.
Powered by WPeMatico
