SEC vs Ripple Case Ends With $125M Penalty; Experts Pick Their Winner

The court has ruled on the SEC's case against Ripple -- who won? (Credit: Pixabay)

KEY POINTS

• Judge Torres granted the SEC's request for a civil penalty, but significantly smaller than the regulator demanded
• A law firm partner and ETF analyst believe the case's conclusion was a win for Ripple, not the SEC
• $XRP surged as news of the case's closure emerged, spiking by over 19% in the last 24 hours

The years-long legal battle between the U.S. Securities and Exchange Commission (SEC) and enterprise blockchain solutions company Ripple has finally come to a close, with the court ordering the company behind the $XRP cryptocurrency to pay a civil penalty of $125 million.