SEC's Intention to Pursue $2 Billion from Ripple Labs Revealed by Chief Legal Officer
Monday, 25 March 2024, 19:44
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.
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