Are you interested in the latest developments in the ongoing legal battle between Ripple and the SEC? In a recent filing, Ripple referenced the Terraform Labs settlement to argue against the excessive penalty demand from the SEC. This case has been a hot topic in the cryptocurrency world, and investors are eagerly awaiting the outcome.
At Extreme Investor Network, we are closely following this case and providing valuable insights for our readers. The SEC recently responded to Ripple’s filing with strong criticism, accusing Ripple of continuing to engage in similar activities that led to the initial complaint in 2020. Additionally, the SEC justified its settlement with Terraform Labs by presenting calculations to demonstrate the proportionality of the penalties.
One key point raised by the SEC is the comparison of penalty ratios between the Terraform Labs settlement and the gross profit of the violative conduct. This ratio, according to the SEC, is significantly higher in the Terraform Labs case, leading to a much larger penalty figure. The SEC argues that Ripple’s proposed $10 million ceiling for penalties is inadequate and would not serve the intended purpose of civil penalties statutes.
Stay tuned to Extreme Investor Network for expert analysis and updates on the Ripple-SEC legal battle. Our team of seasoned professionals will continue to provide unique insights and valuable information to help you navigate the complex world of cryptocurrency and investments. Trust Extreme Investor Network for in-depth coverage and expert opinions on the latest developments in the stock market, trading, and finance.