Analysis: The court's ruling on the Ripple case in August last year is still valid, and Ripple will now appeal to revoke the fine and injunction

BlockBeats News: On March 20th, crypto journalist Eleanor Terrett stated that Judge Torres' ruling in the Ripple case in August last year is still valid, and Ripple still needs to pay a fine of $125 million. Although the SEC has agreed in principle to waive its appeal against programmatic/secondary market sales, Ripple has not yet agreed to waive its appeal against the $125 million fine and ongoing ban that prevented it from selling XRP to institutional investors without registering these sales as securities. Sources close to the case indicate that it is now Ripple's turn, as technically speaking, Ripple is now the plaintiff rather than the defendant. Ripple can choose to continue appealing against fines and bans, or revoke fines and bans. It remains to be seen whether the SEC will further negotiate around the ruling of the district court. However, given that both parties have found themselves in an unprecedented situation in the rapidly developing digital asset regulatory environment, this is where we have always known that the case requires more discussion and more subtle differences.