SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case

The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. 

Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. 

However, the SEC countered that such a low penalty “would not satisfy the purposes of the civil penalty statutes.”
#sec #crypto #bitcoin #nostr

https://m.primal.net/Impd.jpg
 

 I guess they are claiming that ripple is a unregistered security 

 yeah