We are trying to make the Binance SQUARE Platform more valuable and attentive for you. Here are the details of our news;
SEC responds to Ripple's request to reduce penalties in its regulatory fight. While Ripple has been experiencing ongoing legal problems with the SEC since 2020, it last argued in the New York district court on June 13 that the penalties were disproportionate, comparing them with the penalties imposed on Terraform Labs against the $ 2 billion penalty proposed by the SEC for sales to institutional investors.
Ripple's Request for Lower Penalties Compared to Terraform
Claiming that the penalties recommended by the SEC were disproportionate compared to Terraform Labs, Ripple cited the example of Terraform and the SEC reaching a $4.47 billion settlement. The settlement included terms banning Terraform co-founder Do Kwon from holding positions at public companies and limiting his involvement in transactions involving crypto asset securities.
SEC's Argument: Differences Between Cases
SEC lawyers noted that the Ripple case differs greatly from the Terraform case. While asking the court to tie the penalty in this case to the Terraform settlement, he argued that Ripple did not make corporate corrections like in Terraform. The SEC emphasized that Ripple did not accept these corrections and was not willing to make any compromise.
Legal and Financial Implications for Ripple
Ripple requested lower penalties, arguing that the penalties should be commensurate with Terraform Labs. However, the SEC argued that the penalty should be determined based on Ripple's gross revenue, resulting in a much higher amount than Ripple's proposed penalty.
Stuart Alderoty, Ripple's chief legal officer, emphasized that the SEC has stated that XRP is not a security and there are no victims to be repaid. Alderoty stated that the $2 billion penalty proposed by the SEC was ridiculous and that it was a positive development that it was reduced.
Ripple is accused of making $1.3 billion in profits from XRP sales, which the SEC accuses of issuing unregistered securities. While a court ruling last year stated that some of Ripple's XRP transactions did not violate security laws, it found that sales to institutional investors could be considered securities.
While Ripple continues to fight for reduced fines, the outcome of this case has significance for cryptocurrency regulations in the United States and could have an impact on the management of crypto assets in the future.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transaction and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
