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- Ripple ordered $125M penalty over XRP sales, well below $2B SEC asked
Ripple ordered $125M penalty over XRP sales, well below $2B SEC asked
Bay Area Times
August 08, 2024
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- Ripple ordered $125M penalty over XRP sales
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0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Ripple ordered $125M penalty over XRP sales, well below $2B SEC asked
Federal judge penalized Ripple Labs for selling XRP to institutional investors.
2020: when the SEC sued the crypto company.
XRP +19% to $0.62 after the ruling.
$1.3B+: Allegedly raised through unregistered securities sales of XRP.
2. Anduril raises $1.5B at $14B to become U.S. next great defense contractor
Scaling manufacturing software Arsenal in plans.
~$500M revenue reported last year.
Founders Fund and Sands Capital co-led the new round.
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