Ripple to Get $75M of Court-Ordered Fine Back From SEC, Drops Cross-Appeal
Last August, New York judge Analisa Torres ordered Ripple to pay the regulator a $125 million fine for violating securities laws through institutional sales of XRP.
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Brad Garlinghouse
Last August, New York judge Analisa Torres ordered Ripple to pay the regulator a $125 million fine for violating securities laws through institutional sales of XRP.
The approval is a necessary step towards the public launch of the RLUSD token, which is currently in test mode on Ethereum and XRP Ledger.
The chief of Ripple, Brad Garlinghouse, recounted his own brush with the U.S. government’s pressure on banks to be wary of digital assets, saying Citi dumped him.
It’s only a matter of time, the CEO of Ripple said on stage at Consensus 2024 in Austin.
Brad Garlinghouse highlighted several macroeconomic factors behind the potential growth of the total crypto market value.
Ripple CEO Brad Garlinghouse said the SEC’s personal lawsuit against him and another Ripple executive was politically motivated, in a social media post. (Scott Moore/Shutterstock/CoinDesk)