kenso on Nostr: SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case The U.S. Securities ...
SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought.
Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification.
However, the SEC countered that such a low penalty “would not satisfy the purposes of the civil penalty statutes.”
#sec #crypto #bitcoin #nostr
Published at
2024-06-16 11:32:51Event JSON
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"content": "SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case\n\nThe U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. \n\nRipple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. \n\nHowever, the SEC countered that such a low penalty “would not satisfy the purposes of the civil penalty statutes.”\n#sec #crypto #bitcoin #nostr\n\nhttps://m.primal.net/Impd.jpg\n",
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