<a href="https://optimisus.com/market/market-news/ripple-braces-for-pivotal-march-26-in-legal-showdown-with-sec/">Ripple Labs</a> is now embroiled in a $2 billion legal dispute with the Securities and Exchange Commission (SEC), as stated by Ripple's chief legal officer, Stuart Alderoty.   
Alderoty condemned the SEC for using deceptive strategies and accused it of attempting to frighten both Ripple and the broader industry.   
Ripple CEO Brad Garlinghouse expressed disapproval of the Securities and Exchange Commission's (SEC) request for $2 billion, deeming it exorbitant. He referenced the DEBT Box case, in which Judge Robert Shelby reprimanded the SEC for engaging in fraud.   
The current legal dispute between the SEC and Ripple centers on the classification of Ripple's sales of the XRP coin as unregistered securities transactions.   
A recent court decision determined that Ripple's direct sales of <a href="https://optimisus.com/news/crypto-news/ripple-releases-400-million-xrp-tokens-valued-at-around-217-million/">XRP</a> did not breach the regulations for registering securities. However, it suggested that the company's sales to institutional investors might potentially be in violation of these rules.   
This continuing legal dispute emphasizes the complex regulatory landscape around crypto and the difficulties encountered by both authorities and industry stakeholders.   
The market eagerly awaits Ripple's answer to the SEC's charges, since it will provide further clarity on this prolonged legal spat. 
The post <a href="https://optimisus.com/news/crypto-news/ripple-xrp-faces-2b-sec-fine-vows-to-fight-in-ongoing-crypto-clash/">Ripple (XRP) faces $2B SEC fine, vows to fight in ongoing crypto clash</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

Ripple (XRP) faces $2B SEC fine, vows to fight in ongoing crypto clash

Optimisus

Other articles published on Mar 26, 2024

After Bitcoin Reaches $75K, Expect These Altcoins to EXPLODE

Bitcoin Whale Activity Indicate Pre-Halving BTC Rally is Far From Over

Bitcoin Witnesses Record Capital Inflows as Short-Term Whales Reap Profits

Shiba Inu Price Soars As Community Members Spotlight Groundbreaking Advancements

Crypto Investors Face Rising Cyber and Physical Security Threats

Which Crypto Will Explode in 2024? (Top Picks for Investors)

Join our free newsletter for daily crypto updates!