Coinspeaker
SEC Seeks Final Judgment against Ripple Labs with $2B Fine in XRP Lawsuit

In an interesting development on Monday, March 25, the US Securities and Exchange Commission (SEC) requested the final judgment against Ripple Labs in the XRP lawsuit, along with $2 billion in civil penalties. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty were the first ones to report on this development.

Much recently, the US SEC lodged a motion requesting a remedies package from Ripple for its violation of securities laws concerning XRP sales to institutional investors.

#XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its Motion for Remedies and Entry of Final Judgment, its Memorandum of Law in Support of that Motion, and its "P...