US SEC seeks $2 billion in fines and penalties from Ripple

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US SEC seeks $2 billion in fines and penalties from Ripple
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In a revelation made on X, the Chief Legal Officer of Ripple - Stuart Alderoty - stated that the commission would be seeking $2...

The penalty request is made concerning the institutional sale of XRP, which the Judge found was a breach of law

The court battle, which began in December 2020, eventually resulted in a partial win for Ripple and the cryptocurrency market. Judge Analisa Torress ruled that XRP as a cryptocurrency was not a security.

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– ‘SEC will lose to Ethereum, just like it did to XRP’– ‘SEC will lose to Ethereum, just like it did to XRP’As of the latest updates, Ripple's XRP was trading at $0.6214 with a 1.2% hike over the last week amidst the ongoing legal battle with SEC.
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