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SEC Seeks $2 Billion Judgment Against Ripple Labs in Ongoing Legal Battle

SEC Seeks $2 Billion Judgment Against Ripple Labs in Ongoing Legal Battle

CointimeCointime2024/03/26 00:13
By:Cointime

The SEC is reportedly seeking a $2 billion judgment against Ripple Labs, according to social media posts from the company's CEO and chief legal officer. The motion for judgment and remedies was filed on Friday and remains under seal. The judgment would bring an end to the legal battle between Ripple Labs and the SEC, which began in December 2020. Ripple Labs plans to fight back against the proposed judgment motion and will file its response next month.

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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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