2024

James

Coin

<ul class="news-points">
 <li><strong>Ripple highlights SEC’s inconsistent penalties: 1.27% for TerraForm vs. 20x higher for Ripple without fraud.</strong></li>
 <li><strong>Ripple’s Notice of Supplemental Authority underscores SEC’s perceived bias and excessive penalty demands.</strong></li>
 <li><strong>SEC’s treatment of Ripple contrasts sharply with TerraForm’s, emphasizing alleged animus and unfair enforcement.</strong></li>
</ul>
<p>Ripple Labs has accused the Securities and Exchange Commission of pursuing disproportionately harsh penalties against the company compared to other crypto-related cases. In a recent filing, Ripple cited the recent Terraform Labs settlement as evidence of this disparity.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPCommunity</a> <a href="https://twitter.com/hashtag/SECGov?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SECGov</a> v. <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Ripple</a> files Notice of Supplemental Authority regarding TerraForm Labs Consent Judgment. <a href="https://t.co/W3vBCeHxSM" target="_blank" rel="noopener noreferrer nofollow">https://t.co/W3vBCeHxSM</a></p>— James K. Filan <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1ee-1f1ea.png" alt="🇮🇪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@FilanLaw) <a href="https://twitter.com/FilanLaw/status/1801363096398925927?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 13, 2024</a>
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<p>Ripple’s filing emphasizes that in other cases, the SEC has accepted penalties ranging from 0.6% to 1.8% of a defendant’s gross sales. In the Terraform Labs case, where a jury found one of the largest securities frauds in U.S. history, the SEC accepted a penalty amounting to 1.27% of Terra’s gross sales.</p>
<p>As further noted by pro-XRP lawyer Bill Morgan, the fraud in question…</p>
<p>The post <a href="https://coinedition.com/ripple-slams-sec-for-unreasonable-penalties-cites-terraform-precedent/" rel="noopener noreferrer nofollow">Ripple Slams SEC for ‘Unreasonable’ Penalties, Cites Terraform Precedent</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple Slams SEC for ‘Unreasonable’ Penalties, Cites Terraform Precedent

Coin Edition

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