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Nalezeno "penalty": 108

Ripple’s $2B penalty looms after SEC rebuffs Binance comparison


The legal battle between Ripple and the SEC has been going on for several years now, and there is another update. Ripple recently filed a Notice of Supplemental Authority after US courts rejected the SEC’s claims regarding Binance. The regulator had previously stated that BNB’s secondary market...

SEC rejects Ripple Labs plea to lower fines, insists on nearly $2B penalty


The San Francisco based Ripple Labs Inc. is currently engaged in a legal battle with the SEC over the latter’s request for a $2 billion penalty. They are advocating for a decrease, claiming that Terraform Labs’ recent $4.5 billion settlement is a point of reference. Ripple’s lawyers also say that...

Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate


Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized...

SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case


The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the...

Ripple backing Terraform Labs against a penalty charged by SEC


Ripple is siding with Terraform Labs by taking a firm stand against the Securities and Exchange Commission levying a penalty charge against the company. In Ripple’s opinion, the court should discard the settlement issue.  Recently, the SEC asked the founder of Terraform, Do Kwon, to make a payment...

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