SEC’s $1.95 Billion Fine Proposal:

According to recent court filings, the SEC has proposed a fine of $1.95 billion against Ripple Labs, comprising $876 million in disgorgement, $198 million in prejudgment interest, and an additional $876 million in civil penalties. This substantial fine underscores the severity of the allegations leveled against Ripple Labs by the SEC and signals the regulatory authority’s intent to crack down on violations of federal securities laws in the crypto asset space.&middot

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