SEC Takes Another Stab At Ripple In Its Final Brief: Details
Summary
SEC has filed its final brief in the legal battle with Ripple, emphasizing financial harm to institutional buyers of XRP and advocating for a permanent injunction on Ripple's XRP sales. Ripple's Chief Legal Officer criticized the SEC's approach and emphasized the company's compliance efforts. The SEC is seeking fines and penalties of around $2 billion, while Ripple proposes a maximum penalty of $10 million. XRP traded at $0.5218 at press time.
