Fine

Coin

<ul class="news-points">
 <li>U.S. SEC submitted its initial remedies brief and proposed judgment in the Ripple case.</li>
 <li>The SEC wants Ripple to remit over $1.95 billion in fines for violating securities laws.</li>
 <li>Ripple may liquidate over 3.12 billion XRP to raise the penalty of $1.95 billion.</li>
</ul>
The U.S. Securities and Exchange Commission (SEC) recently <a href="https://www.dropbox.com/scl/fi/dlff8b0lhkoa5bf26qvv5/SEC-Motion-for-Remedies-Package.pdf?rlkey=xz9gd0tabgzug8n982270w77j&amp;dl=0" target="_blank" rel="noopener noreferrer nofollow">submitted</a> its initial remedies brief, proposed judgment, and accompanying exhibits in the Ripple case. Meanwhile, the SEC’s recent filing proposing judgment has sparked interest among crypto market participants.
In particular, the regulator explicitly requested that the court mandate Ripple to remit $1,950,768,364 in fines and penalties for its breach of federal securities laws. As per the SEC’s stipulation, Ripple must settle the $1.95 billion sum within 30 days following the court’s adoption and issuance of the proposed judgment as the final ruling.
If the court rules in favor of the SEC without Ripple appealing the decision, the payment company will be compelled to raise the $1.95 billion within 30 days of the final judgment. One potential avenue for Ripple to raise funds to meet…
The post <a href="https://coinedition.com/ripple-may-dump-3121229382-xrp-as-sec-demands-1-95b-fine/" rel="noopener noreferrer nofollow">Ripple May Dump 3,121,229,382 XRP as SEC Demands $1.95B Fine</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ripple May Dump 3,121,229,382 XRP as SEC Demands $1.95B Fine

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