U.S. SEC Asking the Court To Hit Ripple With ‘$2B in Fines and Penalties’ in XRP-Related Lawsuit, Reveals Ripple’s Chief Legal Officer

On July 13, 2023, in the case of SEC v. Ripple Labs, Inc., document number 2023 WL 4507900 in the Southern District of New York, Judge Analisa Torres ruled in a summary judgment that while Ripple’s direct sales of XRP to institutional buyers were considered securities transactions, its sales on secondary trading platforms were not. […]