Fox reporter: Ripple's lawsuit is more complicated than Coinbase because it has received a judge's order to pay a $125 million fine
2025-02-21 15:29:36
Fox business journalist eleanor terrett platform posting rippledesk3cryptocurrencydesktopCrypto News
Fox Business reporter Eleanor Terrett posted on the X platform that Ripple proceedings are more complicated than Coinbase because they have received an order from District Judge Torres to pay a $125 million fine. According to the final judgment, Torres will retain jurisdiction in the case for one year (until August 7, 2025) to ensure that the terms of the order are met. While the SEC can choose to drop its appeal in the Second Circuit Court, they will also need to find a way to approach the district court and agree on the penalty (mitigation or waiver), presumably with the support of Judge Torres, but all of this is subject to a certain degree of uncertainty because, as one legal person put it: "We are now in uncharted territory."
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