Express

SEC Seeks Judge To Fine Ripple Labs $2 Billion

Mary Liu

Summary: The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose $2 billion in fines and penalties against Ripple Labs. Ripple Chief Legal Officer Stuart Alderoty criticized the SEC’s enforcement actions and said the company will issue an official response next month. Ripple CEO Brad Garlinghouse said on the X: "The ...

The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose $2 billion in fines and penalties against Ripple Labs.

Ripple Chief Legal Officer Stuart Alderoty criticized the SEC’s enforcement actions and said the company will issue an official response next month.

Ripple CEO Brad Garlinghouse said on the X: "The SEC plans to ask the Judge for $2B in a case that involved no allegations (let alone findings) of fraud or recklessness. There is absolutely no precedent for this. We will continue to expose the SEC for what they are when we respond to this."

Last Update:

Tags: ,,,
Link: SEC Seeks Judge To Fine Ripple Labs $2 Billion   [Copy]
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 1 days ago
  • The Value of Web3 Social, Explained 2 days ago
  • Initiated by Uweb and Waterdrip Capital, "Deep in Labs" announces its DePIN Demo Day 15 days ago
  • The Future of Blockchain: How Modularity is Revolutionizing the Industry 17 days ago
  • Parallelized EVMs: The Solana Killer? 21 days ago
  • You need to login to comment.