Ripple’s Legal Battle With SEC Continues – Here Are The Facts
The legal dispute between Ripple and the SEC continues despite Judge Analisa Torres’ ruling on August 7, which imposed a $125 million fine on Ripple for securities law violations. Ripple has requested a stay on this monetary judgment, which Judge Torres granted, delaying payment until 30 days after any appeal period or a decision by the Court of Appeals. The SEC is considering an appeal, with a deadline of October 6 to decide. Ripple's leadership views the ruling as a victory and has no plans to appeal. Additionally, Ripple is lobbying for favorable conditions in the crypto industry, with co-founder Chris Larsen supporting Democratic candidate Kamala Harris and CLO Stuart Alderoty donating to Donald Trump's campaign, who has promised to fire SEC Chair Gary Gensler if elected.
