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.
Most people aren’t doing the math on the market cap and how much the owners of ripple are holding in their own accounts. This will be a massive rug pull but everyone seems to think the token will reach values that would dwarf the current entire currency value in circulation. I don’t think this token is meant to benefit the plebs.