1. đ The U.S. SEC commented on the final judgment in the Ripple case, highlighting the "egregiousness" of Ripple's conduct.
2. âïž Judge Analisa Torres confirmed Ripple committed "a serious offense" with recurring securities law violations, leading to a $125 million fine.
3. đŒ The SEC emphasized that securities laws apply to all firms, regardless of technology or labels used.
4. đ° The SEC initially sought a $2 billion penalty, but Torres significantly reduced the amount.
5. đ Ripple framed the judgment as a win, but the SEC also saw it as a success, with the fine far exceeding Ripple's hoped-for $10 million.
6. â While an appeal by the SEC on the remedies seems unlikely, the agency might challenge the July 2023 ruling on secondary XRP sales.
7. đ XRP saw a 20% price surge within 24 hours, becoming one of the most traded cryptocurrencies globally, especially in South
Korea.