Ripple Pushes Back Against SEC's Multi-Billion Dollar Fine Proposal
Tuesday, 23 April 2024, 07:32
Ripple Labs Opposes SEC's $1.95 Billion Fine Proposal
Ripple Labs has taken a stand against the U.S. SEC's hefty fine demand, opting for a $10 million penalty instead.
Rejection of Multi-Billion Dollar Fine
The company argues that the proposed sum is excessive and not warranted, advocating for a lesser penalty.
Final Judgment
- Ripple believes the $10 million penalty is adequate and pushes against the SEC's imposition of a significantly higher fine.
- The XRP Ledger blockchain is at the center of the legal battle between Ripple Labs and the SEC.
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