The Ripple vs SEC case continues to draw interest and debate. Recently, rumors emerged that Ripple would allegedly pay the fine in XRP tokens. However, according to recent statements from experts, this is not true.
Ripple Paid in Cash
Amid rumors of a potential fine payment in XRP tokens, former SEC lawyer Marc Fagel confirmed that Ripple has already paid the $125 million penalty in cash. He clarified that, according to the court order, the penalty must be paid in cash, not in cryptocurrency.
CITE_W_A: "They already paid in cash. Sorry." — Marc Fagel (@Marc_Fagel)
Why the Case Is Not Over Yet
Despite Ripple having paid part of the fine, the case against it continues to exist due to unresolved legal and procedural issues. Marc Fagel noted that the final step depends on both Ripple and the SEC officially withdrawing their appeals. The SEC appealed the ruling that XRP sales on public exchanges do not violate securities laws, while Ripple is contesting the ruling that its institutional XRP sales were unregistered securities offerings. Once both parties withdraw their appeals, the court order will take effect.
XRP Price Dynamics Amid Legal Battles
Despite ongoing legal disputes, XRP shows strong growth. Over the past two weeks, the token has secured the third spot among cryptocurrencies by market capitalization. It surged by 29% in the last week and gained over 7.4% in the past 24 hours, now trading around $3.15. Analysts believe XRP is targeting its previous all-time high, and a break above $3.30 could lead to a significant price rally.
Thus, the Ripple vs. SEC case remains in the spotlight of the crypto community. While part of the fine has already been paid, the final outcome of the case will depend on the decisions of both parties. Meanwhile, XRP's price continues to rise, which may indicate investor hopes for a resolution.
