A recent brief from the United States Securities and Exchange Commission (SEC) presented proposed fines and penalties against Ripple, showcasing a different narrative than the one promoted by Ripple's executives. The SEC attorneys proposed that Ripple pay a substantial amount in disgorgement, prejudgment interest, and civil penalties due to the company's alleged defiance of the law and ongoing sale of XRP after receiving legal warnings. The SEC emphasized the necessity for deterrence, pointing out Ripple's significant unregistered XRP sales over the past few years. This legal battle follows a lawsuit filed in December 2020 against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen, accusing the firm of raising $1.3 billion in unregistered securities through XRP token sales. Despite a prior victory for Ripple regarding XRP's classification as a security, the SEC is pursuing harsh penalties to prompt corrective action from the company.