Today, Judge Analisa Torres ordered Ripple to pay $125 million in civil penalties for violating federal securities laws through 1,278 institutional XRP sales. The fine is significantly less than the $1 billion sought by the SEC. Additionally, Judge Torres imposed an injunction against future violations, citing concerns that Ripple might cross legal boundaries again. This order follows her July 2023 ruling that Ripple's institutional sales violated securities laws, but that its retail sales did not. The SEC is expected to appeal the decision. Source: Coindesk