Ripple Cites Terraform Fine In Call To Limit SEC Penalty

By Jessica Corso (June 14, 2024, 8:30 PM EDT) -- Ripple Labs Inc. says the U.S. Securities and Exchange Commission's recent settlement with fellow crypto firm Terraform Labs, with the company agreeing to pay a $420 million civil penalty, is further proof of the "unreasonableness" of the agency's request that it be made to pay a much larger fine for activities that did not amount to fraud....

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