Ripple seeks fine of up to $10 million
According to Blockworks, Ripple has submitted an opposition to the motion for a $2 billion fine by the SEC to the court. In this opposition, Ripple argues that the SEC did not accuse them of "fraud, deceit, or manipulation" and the case does not show that Ripple disregarded the law. Therefore, the court should impose a fine of "no more than $10 million."Ripple stated that although any violation of the Securities Act is a "serious matter," their misconduct should not be subject to such a high penalty. The document points out that "Ripple's institutional sales are far less serious than other criminal activities such as mixed funds or fraud."Earlier, Ripple had already submitted an opposition to the motion for a $2 billion fine by the SEC to the court.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Daily Digest (February 21) | $IP futures liquidations near $BTC levels, market sees positive news for $NEAR and $LTC

Limited Time Spring Rewards Just For BGB Holders!
A trader bought 6783 $SHADOW 17 days ago and currently has a floating profit of $1.15 million
Trending news
MoreCrypto prices
More








