United

<a href="https://optimisus.com/news/crypto-news/ripple-moves-to-sell-100-million-xrp-tokens-on-sunday-following-iran-israel-conflict-escalation-news/" rel="noopener noreferrer nofollow">Ripple</a> has defended itself against the SEC's demand for roughly $2 billion in fines for selling its cryptocurrency, XRP, to institutional investors without registration.  
The corporation submitted a lengthy 186-page statement accepting the court's decision and adjusting its business procedures appropriately.  
Ripple contests the SEC's request for disgorgement, claiming that there is no proof of financial loss to investors as a result of Ripple's conduct.  
The corporation argues for a far lesser civil penalty than the SEC seeks, stating that $10 million is consistent with precedent and the nature of the violation.  
The XRP legal community supports Ripple's argument, with Bill Morgan, a well-known pro-XRP lawyer, agreeing with Ripple's stand against disgorgement.  
Other attorneys, such as Jeremy Hogan, oppose the SEC's strategy and predict a prompt judgment from Judge Torres. This legal dispute between Ripple and the SEC is critical, since it might influence how cryptocurrencies are governed and handled legally in the United States. 
The post <a href="https://optimisus.com/news/crypto-news/ripple-counters-secs-hefty-2b-fine-with-a-modest-10m-proposal-in-a-landmark-case/" rel="noopener noreferrer nofollow">Ripple counters SEC’s hefty $2B fine with a modest $10M proposal in a landmark case</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Ripple counters SEC’s hefty $2B fine with a modest $10M proposal in a landmark case

Optimisus

2024年4月23日公開の他の記事

Arweave (AR) pumps 42% Today! What’s the reason?

Just In: SEC Extends Review Period for Franklin Templeton Ethereum ETF

Cardano Price Prediction 2024: How high can ADA go ?

The Upcoming Crypto Super Thursday 2024: A Day of Launches, Rewards, and Excitement

A decade without an audit, Tether says it’s a new business

Visa’s Web3 Loyalty Solution: A New Era for Customer Engagement

ニュースレターを購読して暗号資産の最新情報を毎日入手！