Ripple, the San Francisco-based blockchain company behind the cryptocurrency XRP, filed its opposition to the Securities and Exchange Commission’s (SEC) demand that the company pay nearly $2 billion in fines and penalties in a late Monday court filing.

In its rebuttal, Ripple said the court should levy a civil penalty of not more than $10 million. 

XRP Lawsuit: $2 Billion Or $10 Million?

Ripple has countered the Securities and Exchange Commission’s proposal seek...