Ripple Scores Partial Victory Against SEC, XRP Surges
Judge Torres imposes $125 million penalty on Ripple, but SEC appeal looms, leaving regulatory clarity unresolved.
- Ripple ordered to pay $125 million in penalties, significantly less than the SEC's $2 billion request.
- XRP token's value increases by over 20% following the court decision.
- Judge's ruling differentiates between institutional and secondary sales of XRP.
- SEC expected to appeal, potentially extending legal proceedings into 2025 or beyond.
- Market reacts positively, but long-term regulatory clarity remains uncertain.