The SEC’s proposal asked the court to order Ripple Labs to pay $876 million in disgorgement, $198 million in prejudgment interest, and a $876 million civil penalty, amounting to a total of $1.95 billion. The court had found Ripple violated federal securities laws by making institutional sales of XRP but dismissed similar allegations by the SEC that the sale of XRP on exchanges and through algorithms also violated the law.
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A Bitcoin-focused company based in Paris wants...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple has teamed up with Japan’s Web3...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A growing number of experts warn that...
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