Ripple Rejects SEC’s $2,000,000,000 Request for Penalties, Says Firm Will Pay No More Than $10,000,000

Ripple has fired back against the U.S. Securities and Exchange Commission’s (SEC) request for it to pay nearly $2 billion in penalties. In March, the SEC asked the court to order Ripple to pay $876,308,712 in disgorgement, $198,150,940 in prejudgment interest, and a $876,308,712 civil penalty, which totals around $1.95 billion. Ripple filed an opposition […] source: https://dailyhodl.com/2024/04/24/ripple-rejects-secs-2000000000-request-for-penalties-says-firm-will-pay-no-more-than-10000000/