Ripple Made Court Filling Pubic, says SEC’s $2Bn Penalty Demand is Unconventional

The post Ripple Made Court Filling Pubic, says SEC’s $2Bn Penalty Demand is Unconventional appeared first on Coinpedia Fintech News

Ripple, the blockchain payments firm, is gearing up for a legal battle against the U.S. Securities and Exchange Commission (SEC) over the agency’s demand for a staggering $2 billion in penalties. The company has filed a robust opposition to the SEC’s penalty request, arguing that the proposed fines are excessive and disproportionate.

In a detailed court filing made public by Ripple’s defense lawyer, James Filan, the company vehemently disputes the SEC’s demand for $2 billion in penalties. Ripple contends that the proposed fines are unjustified and fail to align with the actual circumstances of the case. 

#XRPCommunity #SECGov v. #Ripple #XRP@Ripple has filed its Opposition to the @SECGov's Motion for Remedies and Entry of Final Judgment.https://t.co/Q0OOay1jdt