Ripple vs SEC lawsuit enters its final stage

In its statement dated May 20, 2024, the SEC issued a rebuttal of Ripple's motion

In the letter, the SEC expresses strong disagreement with Ripple's motion: particularly regarding the concealment of financial data and contract terms

The SEC is proposing fines and penalties totaling around $2 billion, while Ripple's counterproposal recommends a maximum fine of just $10 million

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