July 20, 2024

Ripple Challenges SEC’s $2B Penalty Demand Using TerraForm Labs Settlement for XRP Case

1 min read

Ripple has taken a new strategic step in its ongoing legal battle with the SEC by referencing the recent TerraForm Labs consent judgment. In light of TerraForm Labs’ settlement, Ripple argues against the hefty penalties demanded by the SEC. The regulatory fine against TerraForm Labs was substantial, yet Ripple contends their situation is not comparable.

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Source: CoinOtag

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