SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case
![SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case](https://cryptonewschain.com/wp-content/uploads/2024/06/SEC-Now-Demands-1026-Million-Penalty-From-Ripple-in-XRP-1024x576.jpg)
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 SEC countered that such a low penalty “would not satisfy the purposes of […]
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