Judge Imposes $125 Million Penalty on Ripple and Bans Future Securities Violations
On Wednesday (yesterday), District Judge Analisa Torres of the Southern District of New York ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future violations of securities laws. This decision follows a finding that Ripple’s 1,278 institutional sale transactions breached securities regulations. Judge Reduces SEC Penalty The fine of $125.035…