$BTC Good news for Ripple fans! Apparently, the SEC (US Securities and Exchange Commission) asked a judge to impose fines and sanctions of $2 billion on Ripple. Wow, fantastic numbers!
This news was revealed by Ripple's CLO, Stuart Alderoty, on March 25. He said that the SEC continues to try to punish and intimidate Ripple and the industry as a whole.
However, Ripple CEO Brad Garlinghouse did not remain silent. He accused the SEC and its chairman, Gary Gensler, of acting outside the law. In fact, Judge Analisa Torres in Manhattan also considered the SEC's actions to be "an abuse of the power granted by Congress."
Even so, the price of XRP on the spot market was not affected. Currently, XRP is trading at
