Ripple's Top Lawyer Responds To SEC's Recent Filing

Binance News · 2024-06-16T13:26:40.000Z

According to U.Today, Stuart Alderoty, the chief legal officer at Ripple, has responded to the recent filing by the U.S. Securities and Exchange Commission (SEC), stating that the agency is 'raging.' Alderoty contends that there are no victims to compensate and his company is currently 'thriving.' He also claims that the SEC has now dropped its demand for $2 billion in fines and penalties. Last week, Ripple referred to the Terraform case in a notice of supplemental authority to its opposition to the SEC's motion for remedies and entry of final judgment. Terraform Labs agreed to pay $4.47 billion to settle the SEC lawsuit. The SEC initially sought a $5.3 billion fine against the company, co-founded by well-known cryptocurrency entrepreneur Do Kwon. Unlike Terraform Labs, Ripple has not been accused of fraud, leading the company to argue that the SEC's demands are unreasonable and unprecedented. The San Francisco-based company previously argued that its civil penalty should be capped at just $10 million, a fraction of the sum originally requested by the SEC. However, the SEC maintains that such a low penalty 'would not satisfy the purposes of the civil penalty statutes.' The SEC argues that the comparison with Terraform Labs is not valid as the corporate defendant in that case is in bankruptcy. Furthermore, Terraform has agreed to destroy the keys to all of its crypto asset securities, and two of its board members who were in charge at the time of the violations will be removed. 'The SEC took all these factors into consideration when agreeing to a settlement, and repeatedly cited them as the facts relevant for the court to approve the settlement under applicable law,' the agency stated in its most recent filing.

据 U.Today 报道，Ripple 首席法律官 Stuart Alderoty 对美国证券交易委员会 (SEC) 最近提交的文件做出了回应，称该机构“怒不可遏”。Alderoty 认为，没有受害者需要赔偿，他的公司目前“蒸蒸日上”。他还声称，SEC 现在已经放弃了 20 亿美元罚款和罚金的要求。
上周，Ripple 在一份补充授权通知中提到了 Terraform 案，以反对 SEC 的补救措施和最终判决动议。Terraform Labs 同意支付 44.7 亿美元以和解 SEC 的诉讼。SEC 最初要求对这家由知名加密货币企业家 Do Kwon 共同创立的公司处以 53 亿美元的罚款。
与 Terraform Labs 不同的是，Ripple 并未被指控欺诈，这导致该公司辩称 SEC 的要求是不合理且史无前例的。这家总部位于旧金山的公司此前辩称，其民事罚款的上限应为 1000 万美元，这只是 SEC 最初要求的金额的一小部分。然而，美国证券交易委员会认为，如此低的处罚「无法满足民事处罚法规的目的」。
SEC 认为，与 Terraform Labs 的比较无效，因为该案中的公司被告已破产。此外，Terraform 已同意销毁其所有加密资产证券的金钥，并且在违规时负责的两名董事会成员将被解职。该机构在最新的文件中表示，“美国证券交易委员会在同意和解时考虑了所有这些因素，并多次引用这些因素作为法院根据适用法律批准和解的相关事实。”

Ripple 的首席律师对 SEC 的最新文件做出回应

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