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Ripple opposes the $2 billion fine proposed by the U.S. SEC

Ripple opposes the $2 billion fine proposed by the U.S. SEC

Bitget2024/04/23 02:40
XRP+0.49%

In a court document submitted by Ripple Labs on Monday evening, the company rebutted the U.S. Securities and Exchange Commission's demand for nearly $2 billion in fines. Previously, the U.S. Securities and Exchange Commission stated last month that Ripple should pay close to $2 billion in penalties for selling XRP to institutional investors, but Ripple argued in its opposition motion that this figure should be closer to $10 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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