Ripple’s Reduced Penalty: What Does It Mean for Crypto Regulation?
What are the implications of Ripple’s reduced penalty for crypto regulation?
So Ripple recently managed to get a substantially reduced penalty from the SEC. What are the implications of this for crypto regulation going forward? The penalty went down from almost $2 billion to $125 million. That’s a big win for Ripple, isn’t it? It means the SEC has to accept a settlement, which implies they aren’t going to pursue this as aggressively as they might have otherwise.
What does this mean for crypto companies currently facing enforcement action?
So what does this mean for crypto companies facing enforcement action? The SEC’s strategy appears to have shifted, at least for now. The ruling states that XRP is not a security in secondary…
