Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
On April 22, Ripple Labs formally opposed the U.S. Securities and Exchange Commission's (SEC) request for a New York judge to impose a nearly $2 billion fine on the company. The SEC's demand includes $876.3 million in disgorgement and $198.2 million in other penalties, totaling $1.95 billion. Ripple, arguing against what it calls 'ongoing intimidation' by the SEC, has countered with a proposal for a maximum of $10 million in civil penalties.
#Ripple has filed its opposition to the request by the #SEC for the company to pay $2 billion in fines in the $XRP case. https://t.co/IzKn6FSaV1
#Ripple Asks Court to Reject #SEC's $2 Billion Penalty Request in $XRP Case https://t.co/IzKn6FSaV1
Ripple Labs filed its opposition against the @SECGov's proposal to ask a New York judge to impose a nearly $2 billion fine against the company. Ripple instead sought a maximum of $10 million in civil penalties. https://t.co/vi5vpd6UAO
