Ripple seeks fine of up to $10 million
According to Blockworks, Ripple has submitted an opposition to the motion for a $2 billion fine by the SEC to the court. In this opposition, Ripple argues that the SEC did not accuse them of "fraud, deceit, or manipulation" and the case does not show that Ripple disregarded the law. Therefore, the court should impose a fine of "no more than $10 million."Ripple stated that although any violation of the Securities Act is a "serious matter," their misconduct should not be subject to such a high penalty. The document points out that "Ripple's institutional sales are far less serious than other criminal activities such as mixed funds or fraud."Earlier, Ripple had already submitted an opposition to the motion for a $2 billion fine by the SEC to the court.
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.
You may also like
Massive $450M USDT Injection: Could it Propel Bitcoin Over the $100K Threshold?
Exploring the Potential Impact of New USDT Inflows on Bitcoin's Push towards the Milestone $100K Mark

SEC Overhauls Crypto Enforcement, Deploying New Cyber Unit
Study: Political Memecoins Lead to Investor Disillusionment
QCP Insights: Solana Faces Pressure Ahead of 30 Million Token Unlock
Trending news
MoreCrypto prices
More








