Ripple Labs Settles SEC Lawsuit With $125 Million Civil Penalty

Ripple Labs has finally wrapped up its long legal battle with the SEC. The company was hit with a $125 million civil penalty for selling its XRP token to institutional investors without registering it as a security.

Ripple Labs has finally settled its long-running legal battle with the SEC. The company will pay a $125 million civil penalty for selling its XRP token to institutional investors without registering it as a security.

This fine is a small fraction of the nearly $2 billion that the SEC had originally sought. The SEC sued Ripple Labs in 2020, claiming that the company violated SEC rules by raising money through XRP sales without registering the tokens as a security.

The case was closely watched because it could impact how the SEC regulates cryptocurrencies. Ripple, on the other hand, argued that they shouldn’t pay more than $10 million.

After the ruling, XRP’s price rose by 25% to $0.64. However, XRP, which is the seventh-largest cryptocurrency by market value, hasn’t changed much overall this year.

The ruling came at a time when cryptocurrencies were losing value due to risk aversion in global markets. Judge Analisa Torres made a key decision in July 2023.

She ruled that XRP is only a security when sold to sophisticated institutional investors. This ruling was seen as a win for the crypto industry.

The SEC has been cracking down on several crypto exchanges and issuers for offering unregistered securities. This case was a big part of that effort.

On Wednesday, Judge Torres granted the SEC’s request to stop Ripple from selling unregistered XRP to institutional investors. However, she declined the SEC’s request for Ripple to return profits from these sales.

In ordering the $125 million penalty, she ruled that the case didn’t involve fraud or misappropriation and that the SEC didn’t prove that investors actually lost any money due to Ripple’s actions.

本記事の執筆時点では、XRPは0.6096ドルで取引されており、わずかに0.60%下落しています。 50、100、200 期間の単純移動平均 (SMA) が重要です。 50、100、200 期間の SMA は、それぞれ $0.5179、$0.5155、$0.5572 です。

現在の価格はこれらの移動平均を上回って上昇しており、これは強気の兆候であり、潜在的な上昇が進行中である可能性を示唆しています。

MACD は、そのラインが 0.0234、シグナルラインが 0.0109 で、正のダイバージェンスを示しています。ヒストグラム値は 0.0124 で、買い圧力が高まっていることを示しています。

シグナルラインを上回るMACDラインの急激な上昇は、上昇の勢いが続く可能性を裏付けています。 OBV 値は 4 億 6,638 万 7,000 で、最近の価格高騰に伴う数量の大幅な増加を反映しています。

実際にラリーが勃発するかどうかはまだ分からない。

The above is the detailed content of Ripple Labs Settles SEC Lawsuit With $125 Million Civil Penalty. For more information, please follow other related articles on the PHP Chinese website!