🚨 The SEC labeled Ripple's planned stablecoin an "unregistered cryptoasset" in recent court filings.
The SEC is seeking huge fines of almost $2 billion, arguing that the fines are too light considering Ripple's past violations related to $XRP .
#Rippledisputes the SEC's position, recommending $10 million as a maximum civil penalty and criticizing the SEC's disregard for crypto regulatory frameworks established outside the US.
