The post Ripple vs SEC: Ripple To File Response on SEC’s $2Bn Penalty Demand Today, on April 22 appeared first on Coinpedia Fintech News
Ripple’s long-standing legal battle with the United States Securities and Exchange Commission is entering its final phase. The outcomes from this case could have a significant impact on the cryptocurrency industry, with potential ramifications for the price of XRP, Ripple’s native token.
This week, especially today, April 22, 2024, is of high importance in the case as defendants – Ripple Inc. will submit its response to the SEC’s demand for fines and penalties totalling $2 billion, a demand of US regulators that has attracted significant criticism from the crypto community.
Ripple’s Opposition Brief and Key Legal Arguments
Ripple’s opposition brief, due to be filed on April 22, 2024, is expected to address the SEC’s claims from its opening brief of the remedies-related filing, where the SEC demanded nearly $2 billion in
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