Skip to content

XRP Lawsuit: Ripple’s $125M Penalty Impact

Ripple’s $125M Penalty Could Be Paid in XRP to US Stockpile

  • Legal expert Jeremy Hogan suggests Ripple could pay its $125 million penalty in XRP instead of USD.
  • The XRP payment could become part of the US Digital Asset Stockpile, following an executive order by Donald Trump.
  • Hogan references a Supreme Court case (Willard v. Tayloe) to support the possibility of paying in a different currency.
  • This arrangement requires agreement from both Ripple and the SEC, as well as approval from Judge Analisa Torres.
  • The US Treasury oversees the XRP stockpile, potentially avoiding financial loss if XRP value increases.

Jeremy Hogan proposes that Ripple’s $125 million penalty could be paid in XRP, contributing to a US Digital Asset Stockpile, contingent on SEC agreement and judicial approval.

Source (2.6)https://coingape.com/xrp-lawsuit-how-ripples-125m-penalty-could-be-added-to-the-us-xrp-stockpile/?rand=24432
Share