Ripple Labs Seeks Stay Order
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•Ripple Labs requests stay order on monetary portion of court’s judgment
62% Informative
Ripple Labs has filed a letter requesting a stay order from the court regarding the monetary portion of the judgment entered on August 7 .
Ripple has two days to pay $125 million to the U.S. Securities and Exchange Commission .
The parties agree to keep 111% of monetary judgment ina trust.
Ripple needs to file a cross appeal in 2nd Circuit Court .
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