XRP Lawyer: The amount of fine Ripple will pay is far less than $770 million

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Cointime2023/11/11 10:00

By:Cointime

On November 11th, XRP lawyer John Deaton believes that the fine Ripple will pay will be much lower than $770 million. Deaton emphasizes that the Supreme Court ruled that forfeiture is not punitive and cannot exceed the "net profits" of sales. Companies can deduct legitimate business expenses. The legal lawsuit against Ripple is not centered on fraud, but constitutes regulatory disagreement. This distinction is crucial because attention has shifted from punitive measures to regulatory compliance.

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