SEC asks judge to approve $1.95 billion fine against Ripple in proposed final judgment filing
PANews March 26 news, according to The Block, in the proposed final judgment submitted by the SEC, the agency asked the judge to approve the imposition of a $1.95 billion fine on Ripple, including illegal gains, pre-judgment interest, and civil penalties. The SEC highlighted the seriousness of Ripple’s conduct and its deterrent effect on other entities that may be raising funds from the public through unregistered crypto asset transactions. Ripple has until April 22 to respond.
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