Ripple's Defense Strategies Against the SEC.

San Francisco-based Ripple company has submitted a new defense file in its ongoing legal fight with the US Securities and Exchange Commission (SEC). The SEC is making serious accusations against Ripple, demanding heavy fines and injunctions. Ripple, on the other hand, opposes these accusations, arguing that evidence must be presented that they will not violate the law in the future.

The SEC argues that Ripple has repeatedly violated securities laws and therefore a $2 billion penalty is appropriate. According to the institution's claim, such penalties will encourage Ripple and similar companies to comply with the law.

Ripple, on the other hand, states that past corporate sales were not against the law and that the financial damages claimed by the SEC did not occur. The company states that the proposed penalties should not exceed $10 million and asks the court to reject all of the SEC's requests.

According to Ripple, any precautionary measures should be limited and specific. He also argues that the claim for damages is unnecessary, as the SEC has acknowledged that there was no financial loss resulting from Ripple's sales.

*Ripple objects to the SEC's $2 billion penalty request, citing a lack of evidence and past regulatory compliance.

*The company recommends that possible fines not exceed $10 million, because it cannot demonstrate financial damage despite the SEC's claims.

*Ripple CEO Brad Garlinghouse states that the SEC's policies will negatively affect the USA in the long term.

The lawsuit between the SEC and Ripple may affect the cryptocurrency markets and the value of XRP. Ripple's defense strategy and the SEC's responses make this case closely followed by the cryptocurrency community.
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