#SEC **SEC Pushes for $2 Billion Penalty Against Ripple, Countering $10 Million Counterproposal** 💰
The Securities and Exchange Commission (SEC) is advocating for a hefty fine of nearly $2 billion against Ripple for selling XRP to institutional investors, countering Ripple's proposal of a much lower $10 million penalty.
**SEC Warns Against Token Slap on the Wrist**
The SEC argues that a small penalty would incentivize other crypto issuers to violate regulations, potentially harming investors.
**Legal Battle Over XRP Classification Continues**
The ongoing legal battle between the SEC and Ripple revolves around whether XRP should be classified as an unregistered security.
**Ripple Adjusts XRP Sales Process**
Ripple asserts it has altered its XRP sales process following a ruling by Judge Analisa Torres in New York.
**Ripple vs. SEC: Future Compliance Assurances Challenged**
The SEC criticized Ripple's assurance to the court that it won't violate laws in the future, comparing it to obtaining fishing licenses in different jurisdictions to avoid liquor licensing requirements.
**Global Crypto Regulations Under Scrutiny**
Ripple's Chief Legal Officer, Stuart Alderoty, rebuked the SEC's stance, highlighting the global efforts in establishing comprehensive crypto regulations.#altcoins #BlackRock #MicroStrategy #buythedip $SEC
