SEC vs. Ripple: Court Filing Spurs Speculation on SEC Appeal
On September 4, Ripple filed for a stay of the monetary portion of the August 7 judgment, fueling speculation about a possible SEC appeal against rulings from the SEC vs. Ripple case.
According to the filing, the SEC consented to Ripple placing 111% of the $125 million penalty with its counsel. The stay will remain effective for 30 days beyond the 60-day appeal window.
Notably, there were mixed reactions to the court filing.