In a recent turn of events regarding the Ripple Vs. SEC lawsuit, a cryptocurrency expert known as Zach Rector has revealed a shocking scenario that could lead to the firm paying billions of dollars in fines to the United States Securities and Exchange Commission (SEC).
Potential $3 Billion Disgorgement For Ripple
The well-known financial expert shared his analysis regarding the Ripple Vs. SEC legal dispute on YouTube on Monday. Rector claims that the payment company might pay over $3 billion as penalties to the SEC for breaking federal securities law as a result of its institutional sales of XRP.
According to the expert, “the worst case scenario for the firm is if Torres rules XRP ODL sales were investment contracts.” This will result in the firm paying a fine of “$3 billion to $3.5 billion” to the SEC.
Rector pointed out that the regulator asserts that since suing the firm in December 2020, Ripple has sold about $3 billion worth of XRP. In addition, the SEC also argued that
We współpracy z: https://bitcoinist.com/ripple-faces-potential-3-billion-blow/
