SEC was asking Billions in penalties. Court ruled $125 mil.
CONCLUSION
The SEC’s motion for remedies and the entry of final judgment is GRANTED IN PART
and DENIED IN PART. The Court shall enter a final judgment enjoining Ripple from further violations of the securities laws and imposing a civil penalty of $125,035,150
No disgorgement, No fraud or misappropriation.
XRP is Not a Security.
Court also rejected SEC's claim:
The SEC suggests that each of Ripple’s “1,700 relevant contracts” constitutes a
separate violation
And there the "17" number again.
Yes, but you don’t need the token to move money. Just the tech, though I’m sure they will have more use cases for the token.
That is the XRP problem from what I’ve read. If you want more do some due dilligence as that is my understanding (watched some videos too.)