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Court Orders Ripple to Stop Selling XRP, Imposes $125 Million Penalty
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A federal court has ruled in favor of the SEC in its lawsuit against Ripple Labs. The court has issued a permanent injunction prohibiting Ripple from selling XRP, the cryptocurrency it created, and has ordered the company to pay a $125 million civil penalty.
SEC v. Ripple Labs, Inc., Court Filing, retrieved on August 05, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part of this filing here. This is the table of links with all parts.
Case Number: 1:20-cv-10832-AT-SN
Plaintiffs: Securities and Exchange Commission
Defendant: Ripple Labs, Inc.
Filing Date: August 07, 2024
Location: United States District Court Southern District of New York
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This court case retrieved on August 07, 2024, dropbox.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction.
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