The U.S. SEC has asked a New York judge to impose a fine of $1.95 billion on Ripple Labs. https://venturebeat.com/wp-content/uploads/2014/09/ripple.jpg?w=1200&strip=all
In a significant development, the U.S. Securities and Exchange Commission (SEC) has made a bold move by requesting a New York judge to impose a substantial fine of $1.95 billion on Ripple Labs. This request, detailed in court filings, outlines a proposed fine consisting of $876 million in disgorgement, $198 million in prejudgment interest, and an additional $876 million in civil penalties.