CryptoHistoryBook
Not financial advice. This is history and education only. We make no buy or sell recommendations and no price predictions.
Legal · Aug 7, 2024

Ripple fined 125 million dollars

The court sets a 125 million dollar civil penalty for institutional sales.

XRP close on Aug 7, 2024
$0.6
Source: Bitstamp XRP/USD daily close, 2024-08-07

On August 7, 2024 Judge Torres entered final judgment ordering Ripple to pay a civil penalty of about 125 million dollars and barring future violations in institutional sales. The SEC had asked for close to 2 billion dollars.

Both sides filed appeals later in 2024. In 2025, under new SEC leadership, the parties moved to end the case, and in August 2025 the appeals were dismissed, leaving the July 2023 ruling and the penalty in place.

XRP price, USD
launchrallycrashupgradelegalforkoutagemilestone

Source: Bitstamp XRP/USD daily closes 2016-12-16 to 2026-10-14. Fetched Oct 14, 2026 from free public APIs. Click a dot for the event and its price on that day.

Related

XRP vs SEC, explained

Part of XRP in 2024 · full XRP timeline · XRP hub

Previous
Court ruling on XRP sales
Next
Post election rally

Updated

Sources

Facts written in our own words. Last checked Oct 14, 2026.