What happened to Ripple coin?

The penalty amounted to $125 million, a substantial figure but one that Ripple will likely have to bear as a result of the court's ruling. This outcome represents a setback for Ripple, but the company is likely to continue fighting its case in the courts.

The SEC has made allegations against Ripple, stating that the company's sale of XRP constitutes an unregistered securities offering. This claim by the regulatory body has sparked controversy in the cryptocurrency industry.

BTCC, a top cryptocurrency exchange, offers a range of services to its users. These services include spot trading, futures trading, and a wallet for storing cryptocurrencies. With its comprehensive suite of offerings, BTCC has established itself as a prominent player in the cryptocurrency market.

Ripple, on the other hand, has been actively defending itself in court. The company has been scoring some victories in its legal battles, showing resilience and determination in the face of adversity.

A significant ruling in Ripple's favor took place on August 7, 2024. U.S. District Judge Analisa Torres issued a decision that imposed a civil penalty on Ripple for its unregistered institutional sales of the XRP token.