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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Ripple abandons its cross-appeal against the SEC, accepts a $125 million fine, and the permanent injunction remains in effect.
BlockBeats news, on June 28, Ripple Labs CEO Brad Garlinghouse announced on social media that Ripple will abandon its cross-appeal in the case with the SEC, and Ripple will completely turn the page on this chapter, focusing on the most important thing - building the internet of value, the big picture is set. BlockBeats previously reported that U.S. District Judge Analisa Torres in the Southern District of New York rejected the SEC's request for a settlement with Ripple for the second time yesterday. The request aimed to reduce the fine to $50 million and lift the permanent injunction, but the judge believed that Ripple still has the potential to violate the law again, and the injunction must be maintained.