In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission, the regulator has responded to Ripple’s challenge regarding the proposed $2 billion fine. The SEC’s response, filed on Friday, further clarified its stance on the issue, drawing upon a recent settlement in another high-profile case involving Terraform Labs.
The regulator issued the reply on Friday in a letter to District Judge Analisa Torres, as noted by defense lawyer James Filan on X platform (formerly Twitter).
For context, on June 13, Ripple submitted a letter to support its opposition to the SEC’s earlier $2 billion fine recommendation. Ripple highlighted that, according to the TFL Consent Judgment, the defendant agreed to …
The post Terraform Precedent: SEC Challenges Ripple’s Fine Appeal appeared first on Coin Edition.
In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission, the regulator has responded to Ripple’s challenge regarding the proposed $2 billion fine. The SEC’s response, filed on Friday, further clarified its stance on the issue, drawing upon a recent settlement in another high-profile case involving Terraform Labs.
The regulator issued the reply on Friday in a letter to District Judge Analisa Torres, as noted by defense lawyer James Filan on X platform (formerly Twitter).
For context, on June 13, Ripple submitted a letter to support its opposition to the SEC’s earlier $2 billion fine recommendation. Ripple highlighted that, according to the TFL Consent Judgment, the defendant agreed to …
The post Terraform Precedent: SEC Challenges Ripple’s Fine Appeal appeared first on Coin Edition.