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SEC Rejects Ripple’s $10M Penalty, Insist On Steep Fines
SEC Rejects Ripple’s Reduced Penalty Plea, Demands $2B for Compliance
What’s the News
The SEC has quite resolutely denied Ripple Labs’ appeal to decrease the civil penalty. Ripple had sought permission for a maximum of $10 million penalty which is much lower than what the SEC was proposing in the amount of $876.3 million. The SEC also stated that its proposed penalty would be inadequate for the purpose that Ripple intended to achieve.
To know more, visit: www.coingabbar.com/en/crypto-currency-news/sec-rejects-ripples-dollar10m-penalty-insist-on-steep-fines