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.
SEC Seeks $2 Billion Fine from Ripple Labs

by Giorgi Kostiuk
2 years ago

Other news
Aligning Trading Methodology with Behavioral Profiles

Successful portfolio optimization requires alignment between trading methodology and individual behavioral profiles.

EU Leaders Urge Focus on Trade Deal and Ukraine Amid Tariff Suspension

EU leaders emphasize the need to prioritize the nearly completed trade deal with the US and the ongoing situation in Ukraine.

CFDs Evolve into Essential Investment Tools

CFDs have evolved from niche speculative instruments to essential components of diversified investment portfolios.

Investors Believe Digitap Could Hit $5 by End of 2026

Investor sentiment around Digitap suggests a potential price target of $5 by the end of 2026.

Market Consolidation in 2025 Leads to Improved Cryptocurrency Health

Coinbase's research indicates that the 2025 market consolidation phase has created necessary corrections, leading to improved market health indicators.

Ethereum Achieves Record Low Fees in 2026

Ethereum has successfully reduced its average gas fees, enhancing its competitiveness.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter