James

Coin

<ul class="wp-block-list news-points">
 <li>Ripple seeks to delay $125M penalty as appeal looms, SEC consents to stay request.</li>
 <li>SEC and Ripple agree to hold funds in trust, appeal may influence future payments.</li>
 <li>Ripple’s appeal strategy could avoid $125M penalty, but a cross-appeal may impact chances.</li>
</ul>
Ripple Labs has requested a stay on the monetary portion of the judgment in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). This move comes as the deadline to pay the <a href="https://coinedition.com/ripples-125m-fine-could-the-sec-end-up-paying-interest/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">$125 million</a> penalty approaches, a payment originally ordered by Judge Analisa Torres. Both Ripple and the SEC have signaled their intent to file an appeal, significantly impacting the trajectory of this high-profile case.
As noted by defense lawyer James K. Filan on X, Ripple’s request to Judge Torres on September 4 underscores the company’s need for a stay of the monetary judgment entered on August 7, 2024.
The timing is crucial, as the stay order is sought before September 6, the last date for Ripple to make the substantial payment to the SEC. The SEC has agreed to Ripple’s request, marking a rare moment of concord between the two adversaries.
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 <a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPCommunity</a> <a href="https://twitter.com/hashtag/SECGov?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SECGov</a> v. <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> Ripple has filed…
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The post <a href="https://coinedition.com/sec-vs-ripple-appeal-looms-as-payment-deadline-nears/" rel="noopener noreferrer nofollow">SEC vs. Ripple: Appeal Looms as Payment Deadline Nears</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SEC vs. Ripple: Appeal Looms as Payment Deadline Nears

Coin Edition

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