Fiona Murray on Nostr: 🚨JUST IN: @Ripple has formally submitted a request for a stay of the monetary ...
🚨JUST IN: @Ripple has formally submitted a request for a stay of the monetary component of the court's ruling issued on August 7, 2024. #XRP
The SEC has granted approval to the stay request.
MEANS:
Ripple is placing the $125 million in escrow. If the SEC does not appeal, the funds will be released upon the deadline's passing. Essentially, if the SEC refrains from appealing, Ripple will receive the funds. This arrangement serves as insurance for Ripple. The SEC has consented to these terms!
Published at
2024-09-06 02:13:29Event JSON
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"content": "🚨JUST IN: @Ripple has formally submitted a request for a stay of the monetary component of the court's ruling issued on August 7, 2024. #XRP\n\nThe SEC has granted approval to the stay request. \n\nMEANS:\nRipple is placing the $125 million in escrow. If the SEC does not appeal, the funds will be released upon the deadline's passing. Essentially, if the SEC refrains from appealing, Ripple will receive the funds. This arrangement serves as insurance for Ripple. The SEC has consented to these terms! https://image.nostr.build/15138381cc6a9cf7d5e0b4e3fa2859a32a5d3a8100afed359b763eebe95ef0bc.jpg https://image.nostr.build/011b57dd4643ef43aeb7afc07e47eacc778a11af45754f75c5ce1fac21ebce3d.jpg ",
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