Altcoins News
By Evie Vavasseur
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Ripple Labs, the company behind the XRP token, has faced ongoing legal battles with the U.S.
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However, a recent legal prediction by attorney Fred Rispoli, the founder of Hodl Law, suggests that Ripple may not ultimately have to pay the full $125 million fine.
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In April 2024, Ripple had proposed a settlement that included a much lower fine of $10 million, which aligns closely with Rispoli’s prediction.
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Ripple CEO Brad Garlinghouse confirmed that the company had already partially complied with the court’s order by depositing the $125 million fine into an escrow account.
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Despite Ripple’s demand to have the injunction lifted, Rispoli remains confident that the SEC will ultimately drop the order, allowing Ripple to go public through an initial…
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Ripple’s legal battles have drawn intense scrutiny, particularly given the broader implications they could have for the entire cryptocurrency sector.
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In the meantime, the market will be closely watching the developments surrounding Ripple’s case, as a favorable outcome could not only provide a clear path forward for Ripple but…
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