The post Ripple vs. SEC: Ripple Faces $2 Billion Fine as SEC Seeks Penalties appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission’s remedies-related brief has finally been revealed to the public, per James K. Filan’s prediction. It has been found that the SEC is pushing for a staggering $2 billion penalty against Ripple Labs as a demand for damages to be paid. Stuart Alderoty, Ripple’s Chief Legal Officer, has also commented in response.
The $2 Billion Penalty Proposal
As you will see when the SEC’s brief is made public tomorrow, they ask the Judge for $2B in fines and penalties. 1/4 https://t.co/HM8dBbn7lp
— Stuart Alderoty (@s_alderoty) March 25, 2024
The SEC has demanded $2 billion as fines and penalties in its case against Ripple Labs over sales of the cryptocurrency XRP. Although James K. Filan had said the documents would be available to the public on 26th March, the crypto community learned about this through Ripple’s
We współpracy z: https://coinpedia.org/news/ripple-vs-sec-ripple-faces-2-billion-fine-as-sec-seeks-penalties/
