Ripple Fined $125 Million for Institutional Sales but Crypto Exchange Operations Deemed Legal

XRP

XRP/USDT

$1.3451

+1.43%

$1.3451

+1.43%

(24s)

24h Volume

$526,675,977.20

24h H/L

$1.3584 / $1.3192

Change: $0.0392 (2.97%)

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73.6%

Long: 73.6%Short: 26.4%

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Ripple

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$1.3445

▲ 1.43%

Volume (24h): -

Resistance Levels

Resistance 3$1.4699

Resistance 2$1.4264

Resistance 1$1.3621

Price$1.3445

Support 1$1.3235

Support 2$1.2663

Support 3$1.2146

Pivot (PP):$1.3406

Trend:Downtrend

RSI (14):41.3

**Ripple Faces $125 Million Fine for Institutional Sales, but Crypto Exchange Transactions Deemed Legal**

In a recent ruling, Ripple was fined $125 million for its institutional sales practices. Despite this significant penalty, the court has deemed Ripple’s crypto exchange transactions as legal. This development adds a complex layer to the ongoing legal battles in the crypto industry. Regulatory clarity remains a critical issue as companies navigate the laws governing digital assets. Ripple’s case underscores the fine line between institutional sales and exchange transactions, highlighting the evolving legal landscape for cryptocurrencies.

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