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SEC rejects Ripple's proposal for a $10 million fine, demanding $2 billion
SEC rejects Ripple's proposal for a $10 million fine, demanding $2 billion
May 09, 2024
The US Securities and Exchange Commission (SEC) has rejected Ripple Labs' proposed $10 million fine for selling XRP to institutional investors, insisting on a $2 billion penalty. The SEC believes that Ripple's proposed punishment is too lenient. In December 2020, the SEC filed a lawsuit against Ripp

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