The SEC is asking for a New York judge for $2 billion in fines and penalties in its case against Ripple Labs Inc.
The Securities and Exchange Commission is asking for a New York judge for $2 billion in fines and penalties in its case against Ripple Labs Inc., according to the firm's chief legal officer.
"Our response will be filed next month, but as we all have seen time and again, this is a regulator that trades in statements that are false, mischaracterized and designed to mislead," Alderoty posted on X on Monday. "They stayed true to form here. Rather than faithfully apply the law, the SEC remains bent on wanting to punish and intimidate Ripple - and the industry at large."
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