Judge Fines Ripple $125M, Bans Future Securities Law Violations
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Re: Judge Fines Ripple $125M, Bans Future Securities Law Violations
#2> A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday.
What does an injunction against future violations mean? Why would that be weightier than the criminal legal code? Shouldn't such an injunction be assumed by pretty much everybody doing anything?
Re: Judge Fines Ripple $125M, Bans Future Securities Law Violations
#3> A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday. What does an injunction against future violations mean? Why would that be weightier than the criminal legal code? Shouldn't such an injunction be assumed by pretty much everybody doing anything?
I’m assuming it’s like probation for an individual
Re: Judge Fines Ripple $125M, Bans Future Securities Law Violations
#4> A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday. What does an injunction against future violations mean? Why would that be weightier than the criminal legal code? Shouldn't such an injunction be assumed by pretty much everybody doing anything?
A lot of these things don't have serious consequences attached to the rule, so by ordering the party to comply they get the penalties of contempt attached.
Re: Judge Fines Ripple $125M, Bans Future Securities Law Violations
#5> A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday. What does an injunction against future violations mean? Why would that be weightier than the criminal legal code? Shouldn't such an injunction be assumed by pretty much everybody doing anything?
It’s poorly written. The injunction is against further institutional sales (what they were accused of possibly doing in a way that was illegal) with out explicit review per sale.
Re: Judge Fines Ripple $125M, Bans Future Securities Law Violations
#6One can ban future crimes?
I guess we just solved crime!
Re: Judge Fines Ripple $125M, Bans Future Securities Law Violations
#7One can ban future crimes? I guess we just solved crime!
> The injunction document requires Ripple to file a registration statement if it intends to sell any securities.
Seems reasonable.
Re: Judge Fines Ripple $125M, Bans Future Securities Law Violations
#8> A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday. What does an injunction against future violations mean? Why would that be weightier than the criminal legal code? Shouldn't such an injunction be assumed by pretty much everybody doing anything?
A lot of these things don't have serious consequences attached to the rule, so by ordering the party to comply they get the penalties of contempt attached.
And the judge has sole discretion with how much jail time you get for contempt (within reason).
Re: Judge Fines Ripple $125M, Bans Future Securities Law Violations
#9Earlier quoted context omitted.
A lot of these things don't have serious consequences attached to the rule, so by ordering the party to comply they get the penalties of contempt attached.
And the judge has sole discretion with how much jail time you get for contempt (within reason).
And that can be more than a decade, if you keep doing the thing. https://en.wikipedia.org/wiki/H._Beatty_Chadwick
Re: Judge Fines Ripple $125M, Bans Future Securities Law Violations
#10XRP up about 20% since the news as of writing