Big News For Ripple: SEC Signals No Plans To Appeal Ruling
Summary
The SEC will not appeal the ruling in the legal battle with Ripple, which concluded with a $125 million civil penalty for securities violations and an injunction against further violations. Ripple sees the outcome as favorable due to the reduced fines, while the SEC emphasizes the court's support for its interpretation of securities laws. Both parties are unlikely to appeal the ruling. Ripple's CEO and CLO expressed satisfaction with the outcome. XRP traded at $0.6046 at press time.
