The U.S. Securities and Exchange Commission (SEC) has filed its final response in its ongoing lawsuit against Ripple, challenging Ripple's claims that there was no reckless behavior and no widespread uncertainty about XRP's legal status. The SEC has disputed Ripple's conduct and the legal clarity of XRP, emphasizing the need for injunctions to prevent future violations. Additionally, the SEC has labeled Ripple's planned stablecoin as an 'unregistered crypto asset' and is pushing for substantial fines, nearly $2 billion, arguing that Ripple's penalty demands are too lenient given their past violations involving XRP.
🚨 The #SEC has labeled @Ripple's planned stablecoin as an "unregistered crypto asset" in its latest court filings. The SEC is pushing for substantial fines, nearly $2 billion, arguing that Ripple's penalty demands are too lenient given their past violations involving #XRP.…
The United States States Securities and Exchange Commission (SEC) has filed its final response to its ongoing lawsuit against Ripple https://t.co/Ab0wolHvpS
The @SECGov refutes @Ripple’s claims, emphasizing the need for injunctions to prevent future violations. https://t.co/6eVkjxBaex
SEC QUESTIONS RIPPLE'S CONDUCT AND LEGAL CLARITY ON XRP IN ITS FINAL RIPPLE CASE RESPONSE - The SEC has openly disputed Ripple's claims regarding its handling of $XRP's legal status and potential reckless conduct in its final response in the Ripple case. - According to the SEC,… https://t.co/jmrakHDPYJ https://t.co/1QsTL7gCiv
JUST IN: SEC CHALLENGED RIPPLE'S CLAIM THAT THERE WAS NO RECKLESS BEHAVIOR AND NO "WIDESPREAD UNCERTAINTY" ABOUT XRP'S LEGAL STATUS, IN ITS FINAL RESPONSE TO THE RIPPLE CASE
🚨 JUST IN: US SEC TO ISSUE RESPONSE TODAY TO #RIPPLE'S ARGUMENTS AGAINST PERMANENT INJUNCTION