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SEC's case against Ripple is finally over, hugely in Ripple's favour, hours before Trump announced interview with Elon, and Don Jr and Eric have been hinting a huge shake up in the DeFi space 🐸 WAG THE CRYPTO 🪙
posted ago by bubble_bursts ago by bubble_bursts +193 / -0

Full Judgement

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.

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