SEC's Intention to Pursue $2 Billion from Ripple Labs Revealed by Chief Legal Officer

Monday, 25 March 2024, 19:44

The Chief Legal Officer of Ripple Labs, Stuart Alderoty, took to Twitter to disclose the Securities and Exchange Commission's expected pursuit of $2 billion from the company. This revelation comes in anticipation of an upcoming court hearing, signifying a significant development in the ongoing legal battle between Ripple Labs and the SEC.
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SEC's Intention to Pursue $2 Billion from Ripple Labs Revealed by Chief Legal Officer

SEC's Plan to Demand $2 Billion from Ripple Labs

The Chief Legal Officer of Ripple Labs, Stuart Alderoty, announced on Twitter that the Securities and Exchange Commission is seeking a hefty sum of $2 billion from the company.

Preemptive Disclosure

Alderoty's disclosure preceded a scheduled court hearing, indicating a proactive move by Ripple Labs to address the upcoming legal proceedings.


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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