CoinGape
2024-04-23 16:10:59

Ripple Files Opposition, Agrees to Pay $10M In Penalty To US SEC

Ripple Labs has filed its opposition to the United States Securities and Exchange Commission’s (SEC) motion for remedies and entry of final judgment, refusing the $876,308,712 in disgorgement and $198,150,940 in prejudgment interest requested by the SEC. However, Ripple agrees to pay a maximum penalty of $10 million instead of a $876,308,712 civil penalty alleged The post Ripple Files Opposition, Agrees to Pay $10M In Penalty To US SEC appeared first on CoinGape .

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