According to BlockBeats, on September 5, in a document submitted to the U.S. District Court for the Southern District of New York on September 4, Ripple’s lawyers stated that the SEC has agreed to delay the payment of the fine after September 6. The legal team suggested that Ripple deposit 111% of the judgment amount (about 139 million US dollars) into a bank account until 30 days after “the expiration of the appeal period or any appeal is resolved.”
Analysts believe that the suspension of fine payments seems to lay the foundation for a possible appeal by the US SEC.
Earlier news, on August 7, a federal judge ordered Ripple Labs Inc. to pay a civil penalty of US$125 million because the company sold its XRP tokens to institutional investors without registering with the U.S. Securities and Exchange Commission (SEC).
