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