US Government Seeks Massive Penalties Against Ripple Labs in Legal Dispute

Monday, 25 March 2024, 19:46
The US government is seeking $2 billion in penalties against Ripple Labs in an ongoing legal battle. Despite this, the digital currency Ethereum sees a 9.5% increase in value amidst similar regulatory concerns. Ripple's lawyers face mounting bills, while the outcome of the legal fight remains uncertain.
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US Government Seeks Massive Penalties Against Ripple Labs in Legal Dispute

US Seeks $2 Billion in Penalties Against Ripple Labs

It's good to be Ripple's lawyers right now as the bills are about to run into the stratosphere. I'm not so sure it's going to be anyone else at Ripple as they face a protracted legal fight.

Ethereum is up 9.5% today despite similar murmurs about the US DOJ taking aim at the Ethereum Foundation and classifying it as a security.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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