Ripple's Request for 'Stay' on Fines Has 'Limited Impact' on XRP Price, Says US Attorney
CryptoNewsTerminal Staff05 Sep, 2024
Ripple's Request for 'Stay' on Fines Has 'Limited Impact' on XRP Price, Says US Attorney
Ripple (XRP) has requested a delay in paying $125 million in fines to the New York Southern District Court. However, US Attorney Fred Rispoli believes that this request will have a "limited impact" on the price of XRP. Rispoli stated that "the request indicates that the SEC is giving Ripple an opportunity to prepare a potential appeal." Even if an appeal is filed, a decision would not be reached before 2026, so it would not immediately affect XRP's price.
