Title: SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case
Post by: Bitcoin on Jun 16, 2024, 07:03 am
Post by: Bitcoin on Jun 16, 2024, 07:03 am
SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […]
Source: SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case (https://news.bitcoin.com/sec-now-demands-102-6-million-penalty-from-ripple-in-xrp-case/)
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […]Source: SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case (https://news.bitcoin.com/sec-now-demands-102-6-million-penalty-from-ripple-in-xrp-case/)