SEC Counters Ripple’s Bid to Reduce $1.95 Billion Fine Amid Terraform Settlement Comparison

The U.S. Securities and Exchange Commission (SEC) recently countered Ripple’s attempt to lessen its fines. Ripple highlighted the SEC’s $4.47 billion settlement with Terraform Labs to illustrate the perceived unfairness of its own penalties. The SEC contends that settlements don’t necessarily set precedents for litigation penalties, as seen in court documents shared by crypto legal

Source: CoinOtag