SEC Rejects Ripple Demand of Reducing Penalty Down from $2B

Coinspeaker SEC Rejects Ripple Demand of Reducing Penalty Down from $2B Ripple argued that Terraform Labs' $420 million civil penalty was just around 1.27% of its “$33 billion gross sales”. However, the SEC rejected it stating that this is an apples-to-oranges comparison. SEC Rejects Ripple Demand of Reducing Penalty Down from $2B source: https://www.coinspeaker.com/sec-ripple-reducing-penalty-2b/