"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as court filings show that the SEC has asked a New York judge to impose nearly $2 billion in fines against Ripple Labs.The SEC wants ripple to pay a nearly $2 billion fine and a meme coin frenzy takes place on base. You're watching Coindesk Daily, I'm your host, Jen Sani. The SEC has asked a New York judge to impose a fine of $1.95 billion on ripple labs.
Last July, a New York judge ruled that the sale of XRP on exchanges and through algorithms did not violate us law only ripples institutional sales of XRP did crypto traders are capitalizing on the base Blockchain which has seen a surge in activity and funds locked due to a meme coin frenzy base which was built by crypto exchange Coinbase, went live in August and initially saw muted growth.
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SEC will ask for $2B in fines and penalties — Ripple chief legal officerStuart Alderoty, chief legal officer at Ripple Labs, said a filing would be made public showing the SEC requested $2 billion in fines and penalties from the blockchain firm.
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