Ripple fined $125 million by the SEC

A judgment has been issued in the long-running case against Ripple by the SEC, and the company has been fined $125 million for violations of securities laws in its institutional sales of its XRP token. The SEC has also obtained an injunction against the company, with the judge in the case opining that there was a "likelihood that [Ripple] will eventually (if it has not already) cross the line" again with respect to securities laws.

Ripple and others in the crypto world have been celebrating the judgment as a victory, in part because it is a substantially smaller penalty than the $1 billion in disgorgement and $900 million in penalties sought by the agency.

The SEC has already signaled throughout the case that they were likely to appeal an eventual outcome, after objecting to the judge's decision that several other types of token sales were not unlawful securities offerings.