Ripple Challenges SEC’s $2 Billion Penalty, Signals Crypto Regulatory Battle

Ripple, known for its digital asset XRP, has stood firm against what it perceives as intimidation tactics by the SEC. Rather than succumbing to the jaw-dropping penalty figure, Ripple has signaled its willingness to pay approximately $10 million, a far cry from the SEC’s initial demand. The move comes amidst allegations by the SEC that Ripple unlawfully raised $1.3 billion through the sale of XRP, an accusation vehemently denied by Ripple.&middot

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