Ripple faces a potential $2B fine from the US SEC over unregistered XRP sales.
Ripple faces a $2B fine from the US SEC in its ongoing legal battle over the sales of the cryptocurrency XRP. The SEC is seeking penalties and fines in its lawsuit against Ripple Labs, which accuses the firm of selling the digital token without registering it as a security. Ripple's Chief Legal Officer, Stuart Alderoty, has expressed discontent with the SEC's approach, stating it trades in misleading and false statements.
March 25, 2024
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