Fox reporter: The Ripple lawsuit is more complex than Coinbase because the judge has issued a $125 million fine
ChainCatcher news, according to Fox Business reporter Eleanor Terrett, the proceedings in the Ripple case are more complex compared to Coinbase. The reason is that Judge Torres has issued a $125 million fine at the district court level and will retain jurisdiction over the case until August 7, 2025.
Even if the SEC chooses to withdraw its appeal in the Second Circuit, it will still need to reach a new agreement with the district court regarding the fine ruling and obtain Judge Torres's approval. A legal expert told Terrett that we are currently in "uncharted territory," and there is significant uncertainty regarding future developments.
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