No, a judge won’t sign-off on SEC v. Ripple today
The SEC-Ripple lawsuit is over. Despite claims about another incoming sign-off today, the final order is already filed and in effect.
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The SEC-Ripple lawsuit is over. Despite claims about another incoming sign-off today, the final order is already filed and in effect.
Read more (2 min) →The same judge who granted Ripple a massive victory over the SEC has just denied a request to reduce its fine by tens of millions of dollars.
Ripple claims its reports have not had the intended effect and that they were used against the company by former SEC leadership.
There are at least three legal possibilities for the final outcome of crypto’s highest-profile lawsuit, SEC v. Ripple et al.
In the SEC's case against Ripple, a judge has partially denied the SEC’s request for summary judgment leading some to claim a win for Ripple.
The SEC has argued that XRP is a security, in part due to the decentralized nature of Ripple-managed default UNLs (unique node lists).