US SEC plans to ask judge to fine Ripple Labs $2 billion

The U.S. Securities and Exchange Commission plans to ask a judge to fine Ripple Labs $2 billion in documents that will be made public on Tuesday as part of Ripple's years-long case with the SEC. Ripple Chief Legal Officer Stuart Alderoty said that Ripple’s response will be filed next month, but as seen previously, the statements issued by the SEC were false, mischaracterized and intended to mislead, and the SEC did not implement them faithfully. law, but is bent on punishing and intimidating Ripple and the entire industry.