• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

SEC Seeks $2 Billion Fine from Ripple Labs

user avatar

by Giorgi Kostiuk

2 years ago


The U.S. SEC has proposed a $1.95 billion penalty against Ripple Labs and has requested a New York court to evaluate the seriousness of the company's actions. Through a proposed final judgment submitted to Judge Analisa Torres on Monday, the SEC is pushing for a fine that includes disgorgement, prejudgment interest, and a civil penalty. The SEC's main argument is focused on the severity and prevalence of Ripple's alleged misconduct, stressing the importance of sending a strong message as a deterrent to Ripple and other entities considering public capital raising through unregistered crypto-asset transactions. Ripple has been in disputes with the SEC for years following accusations of unregistered securities transactions. A recent ruling favored Ripple in certain XRP sales but upheld the SEC's claims on direct sales to institutional investors. The current dispute is centered on these direct institutional sales, with the SEC alleging that Ripple earned nearly $1 billion unlawfully. This action is believed to undermine the regulatory requirement for securities transactions to be registered, endangering the financial market's legal structure. Ripple's response to the SEC's approach and penalties has been critical, describing them as misleading and punitive. Ripple plans to submit a formal response by April 22, as directed by the SEC.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Jerome Powell's Letter to Senators on Fed Renovation Sparks Investigation

chest

Jerome Powell's letter to bipartisan senators regarding the $25 billion renovation of the Fed's headquarters has sparked a criminal investigation by the Department of Justice.

user avatarLuis Flores

PumpFun PUMP Price Breaks Out of Compression Phase

chest

The PUMP price has shifted out of a prolonged compression phase, indicating a change in market behavior and a potential for early expansion.

user avatarArif Mukhtar

Ripple's Promotion Challenges Due to SEC Lawsuit

chest

Bill Morgan discusses Ripple's inability to promote XRP due to legal issues with the SEC.

user avatarMaria Gutierrez

MicroClimate Predictive Arbitrage Revolutionizes Agricultural Trading

chest

The integration of local sensor data and AI-driven weather models allows traders to anticipate yield disruptions before they are reflected in national reports.

user avatarMaya Lundqvist

Law Enforcement Steps Up Efforts Against Cybercrime

chest

In 2025, law enforcement agencies worldwide are enhancing efforts to combat cybercrime, emphasizing international cooperation and the use of digital intelligence.

user avatarAndrew Smith

Brooklyn Prosecutors Charge Ronald Spektor in Major Coinbase Scam

chest

In December 2025, Brooklyn prosecutors charged 23-year-old Ronald Spektor with stealing $16 million from Coinbase users through a scam involving insider information from a former Coinbase employee.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.