• Ripple highlights SEC’s inconsistent penalties: 1.27% for TerraForm vs. 20x higher for Ripple without fraud.
• Ripple’s Notice of Supplemental Authority underscores SEC’s perceived bias and excessive penalty demands.
• SEC’s treatment of Ripple contrasts sharply with TerraForm’s, emphasizing alleged animus and unfair enforcement.

Ripple Labs has accused the Securities and Exchange Commission of pursuing disproportionately harsh penalties against the company compared to other crypto-related cases. In a recent filing, Ripple cited the recent Terraform Labs settlement as evidence of this disparity.

Ripple’s filing emphasizes that in other cases, the SEC has accepted penalties ranging from 0.6% to 1.8% of a defendant’s gross sales. In the Terraform Labs case, where a jury found one of the largest securities frauds in U.S. history, the SEC accepted a penalty amounting to 1.27% of Terra’s gross sales.

As further noted by pro-XRP lawyer Bill Morgan, the fraud in question…

The post Ripple Slams SEC for ‘Unreasonable’ Penalties, Cites Terraform Precedent appeared first on Coin Edition.

• Ripple highlights SEC’s inconsistent penalties: 1.27% for TerraForm vs. 20x higher for Ripple without fraud.
• Ripple’s Notice of Supplemental Authority underscores SEC’s perceived bias and excessive penalty demands.
• SEC’s treatment of Ripple contrasts sharply with TerraForm’s, emphasizing alleged animus and unfair enforcement.

Ripple Labs has accused the Securities and Exchange Commission of pursuing disproportionately harsh penalties against the company compared to other crypto-related cases. In a recent filing, Ripple cited the recent Terraform Labs settlement as evidence of this disparity.

Ripple’s filing emphasizes that in other cases, the SEC has accepted penalties ranging from 0.6% to 1.8% of a defendant’s gross sales. In the Terraform Labs case, where a jury found one of the largest securities frauds in U.S. history, the SEC accepted a penalty amounting to 1.27% of Terra’s gross sales.

As further noted by pro-XRP lawyer Bill Morgan, the fraud in question…

The post Ripple Slams SEC for ‘Unreasonable’ Penalties, Cites Terraform Precedent appeared first on Coin Edition.