SEC rejects Ripple Labs plea to lower fines, insists on nearly $2B penalty
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The San Francisco based Ripple Labs Inc. is currently engaged in a legal battle with the SEC over the latter’s request for a $2 billion penalty. They are advocating for a decrease, claiming that Terraform Labs’ recent $4.5 billion settlement is a point of reference. Ripple’s lawyers also say that the proposed penalty for XRP …
Source: CryptoNewsZ
