Ripple Ordered to Pay $1.95 Billion in Fines, SEC Submits Proposed Final Judgment

Ripple Faces Significant Regulatory Challenge

The SEC has demanded a near $2 billion fine from Ripple Labs in a proposed final judgment.

Critical Legal Battle in New York

The New York court will assess the severity of Ripple's alleged misconduct as highlighted by the SEC.

Key Points:

• The SEC is seeking financial penalties worth $1.95 billion from Ripple Labs
• This enforcement action highlights the regulatory scrutiny surrounding cryptocurrencies