Some lawyers question whether the latest court decision in the Ripple case should be regarded as a victory over the SEC.
While Ripple celebrates the conclusion of its four-year legal battle with the United States Securities and Exchange Commission, some lawyers have raised doubts about whether the recent court developments truly constitute a victory.
Ripple, the company behind the XRP (XRP) cryptocurrency and a currency exchange network, celebrated the end of its four-year legal battle with the SEC on Aug. 7.
Announcing the news on X, Ripple CEO Brad Garlinghouse argued that Judge Analisa Torres gave a 94% reduction from the SEC’s initial plan to fine Ripple for $2 billion in damages.
