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Ripple and SEC Reach Agreement to Temporarily Halt $125M Judgment, Foreshadowing Potential Appeal

Ripple and SEC Reach Agreement to Temporarily Halt $125M Judgment, Foreshadowing Potential Appeal

In a recent development in the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC), the two parties have come to a temporary agreement to stay the $125 million judgment. This decision comes after a federal judge ruled in favor of the SEC on August 7, but Ripple’s legal team has requested that 111% of the monetary judgment be placed in a bank account in order to obtain the stay. While the SEC may ultimately decide not to pursue an appeal, this move by Ripple suggests that they are not backing down in their fight against the regulatory agency.