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SEC Seeks $1.95B Fine in Final Judgment Against Ripple

By FXCOINZ Editorial

26/03/2024

The SEC’s petition for a $1.95 billion fine against Ripple Labs marks a significant escalation in the long-running legal battle between the regulatory agency and the cryptocurrency firm. Stuart Alderoty, Ripple Labs’ chief legal officer, has criticized the SEC’s move, vowing to mount a robust defense against what he perceives as an unjust penalty.