On April 22, Ripple Labs formally opposed the U.S. Securities and Exchange Commission's (SEC) request for a New York judge to impose a nearly $2 billion fine on the company. The SEC's demand includes $876.3 million in disgorgement and $198.2 million in other penalties, totaling $1.95 billion. Ripple, arguing against what it calls 'ongoing intimidation' by the SEC, has countered with a proposal for a maximum of $10 million in civil penalties.
#Ripple has filed its opposition to the request by the #SEC for the company to pay $2 billion in fines in the $XRP case. https://t.co/IzKn6FSaV1
#Ripple Asks Court to Reject #SEC's $2 Billion Penalty Request in $XRP Case https://t.co/IzKn6FSaV1
Ripple Labs filed its opposition against the @SECGov's proposal to ask a New York judge to impose a nearly $2 billion fine against the company. Ripple instead sought a maximum of $10 million in civil penalties. https://t.co/vi5vpd6UAO
SEC vs Ripple $XRP Update: Yesterday @Ripple Labs filed its opposition against the U.S. Securities and Exchange Commission’s (SEC) proposal to ask a New York judge to impose a nearly $2 billion fine against the company behind the XRP Ledger blockchain. “The Court should deny the… https://t.co/BxdZQy9Een
🚨 @Ripple fights back against @SECGov’s $2 billion fine request, arguing it shouldn’t exceed $10 million. https://t.co/Cqweuu0ROg
🚨Join #CryptoLawTV hosted by @attorneyjeremy1 at 3PM ET/7PM UTC TODAY as he breaks down what @Ripple's response in opposition to the @SECGov means! https://t.co/xOzBne5uMu
RIPPLE LABS COUNTERS SEC’S $2B PENALTY DEMAND: WHAT TO KNOW - Ripple Labs has issued a rebuttal against the SEC's demand for nearly $2 billion in penalties on April 22. - The SEC seeks a total of $1.95 billion from Ripple, comprising $876.3 million in disgorgement, $198.2… https://t.co/x2eUqJzQLR https://t.co/n62NvQpiwp
Ripple Labs filed its opposition against the @SECGov's proposal to ask a New York judge to impose a nearly $2 billion fine against the company. Ripple instead sought a maximum of $10 million in civil penalties. By @amitoj. https://t.co/xChG1U0WCY
UPDATE: RIPPLE LABS FILES REBUTTAL AGAINST SEC'S $2 BILLION PENALTY DEMAND, CLAIMING SEC’S MOVE AN "ONGOING INTIMIDATION"
Ripple files opposition to SEC's proposed $2 billion in fines, calling it 'evidence of its ongoing intimidation' https://t.co/XLs1trdW8Z