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The U.S. Securities and Exchange Commission (SEC) is pursuing a $2 billion fine against Ripple Labs for alleged violations of federal securities laws. Court documents reveal the SEC's request to impose the fine on Ripple over the sale of its XRP cryptocurrency token in a legal battle. Ripple Labs CEO Brad Garlinghouse acknowledges the SEC's intent to seek fines and penalties in the ongoing lawsuit.
SEC SEEKS ~$2B FINE AGAINST RIPPLE LABS The SEC has filed court documents asking for a fine of nearly $2 billion against Ripple Labs, according to court filings. Stuart Alderoty, Ripple Labs’ chief legal officer, announced on social media that the SEC was seeking such a fine.… https://t.co/JCAu4Z86be
The U.S. Securities and Exchange Commission (#SEC) is seeking nearly $2 billion in fines from #Ripple Labs in the $XRP lawsuit. https://t.co/WMIjUoQfRL
Ripple Labs CEO Brad Garlinghouse said on X that the SEC will seek $2 billion in fines and penalties in its legal fight over the XRP crypto token https://t.co/ixNnP643l8
