Judge Analisa Torres has officially rejected the SEC’s request to dissolve the injunction against Ripple and reduce its financial penalties. This decision highlights the ongoing legal struggles between the SEC and the cryptocurrency firm.
The legal proceedings began in December 2020 when the SEC accused Ripple of selling XRP without proper registration. Despite previous rulings affirming that Ripple’s XRP offerings to institutional investors qualified as securities, this recent judgment delays any potential reduction in Ripple’s imposed penalties.
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