⚠️ Ripple Labs Ordered to Pay $125 Million Fine in SEC Lawsuit

In the U.S., a decision has been made in the SEC lawsuit against Ripple Labs. The company has been ordered to pay a $125 million fine and has been prohibited from further violations of industry regulations.

✔️ In the ruling, Judge Analisa Torres expressed concern that the firm might "cross the line" in the future. This concern underlies the second part of her decision regarding the prohibition on violating industry regulations.

Ripple Labs CEO Brad Garlinghouse commented on the judge's decision:

"The SEC's demands were reduced by approximately 94%, effectively acknowledging that they were outmaneuvered. We respect the court's decision and have a clear vision for the company's future development. This is✔️ a victory for Ripple Labs and the entire industry. The SEC's opposition to the entire XRP community is now gone."