Law Daily Report

Ripple could face $2 billion in penalties, according to the SEC’s latest filing in the lawsuit

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

The US Securities and Exchange Commission (SEC) will seek $2 billion in fines in its legal fight with Ripple and its XRP token, according to the latest filing from the financial regulator in its lawsuit against the payment remittance firm.

The SEC has filed a Motion for Remedies and Entry of Final Judgment in the lawsuit against Ripple, asking for $2 billion in penalties. The filing reveals that Ripple sold

that the firm was compelled to reveal. Daily digest market movers: Ripple faces up to $2 billion in penalties The SEC asked the judge for $2 billion in penalties on the cross-border payment remittance firm Ripple in its recent motion, whose content was made public on Tuesday. Ripple’s Chief Legal Officer Stuart Alderoty says the firm will file its response next month and critiques the SEC’s statements in his recent tweet on X.

tokens. SEC vs. Ripple lawsuit, latest motion. Technical analysis: /USDT 1-week chart While is the native token of the decentralized blockchain Ledger chain, helping financial firms save on the cost of transacting worldwide. What is L is maintained by a peer-to-peer network known as the global

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Colorado Securities Commissioner Addresses Crypto Projects Who Raise Capital via TokensColorado Securities Commissioner, Tung Chan, joins First Mover to discuss the difference between state and federal regulators, what crypto projects should consider from a legal perspective as they build and the potential for a spot ETH ETF.
Source: CoinDesk - 🏆 291. / 63 Read more »