Ripple Vs SEC lawsuit enters a pivotal week as Ripple Labs defense team prepares to file its opposition in response to the U.S. Securities and Exchange Commission’s remedies related-brief. As the SEC requested Judge Torres for final judgment and nearly $2 billion in penalties, Ripple is to submit a sealed response on April 22. The redacted version of the filing is likely to be public a few days later.
US SEC Seeks $2 Billion Penalties in Remedies-Related Briefing
The U.S. SEC filed a starting remedies-related brief seeking final judgment against Ripple to pay $876,308,712 in disgorgement, $198,150,940 in prejudgment interest, and $876,308,712 civil penalty. The SEC argued a total of $1,950,768,364 is valid due to violation of Section 5 of the Securities Act of 1933 and conducting unregistered offerings of XRP in institutional sales.
Ripple executives expressed outrage over the SEC considering almost $2 billion in penalties fair enough without arguing any fraud and viable contracts. A
We współpracy z: https://coingape.com/ripple-vs-sec-update-important-make-or-break-moment-in-lawsuit-xrp-price/
