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Published 2 months ago

SEC Targets Ripple Labs: Staggering $2 Billion Fine Looms

Summary by Ground News

The US Securities and Exchange Commission is aggressively pursuing a $2 billion fine against Ripple Labs. The heart of the matter dates back to 2013 when Ripple allegedly initiated fundraising through the sale of XRP without proper registration. Ripple executives, including notable figures Larsen and Garlinghouse, are accused of personally profiting to the tune of approximately $600 million.

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SEC Targets Ripple Labs: Staggering $2 Billion Fine Looms

SEC targets Ripple Labs with a $2 billion fine over unregistered XRP sales, marking a significant regulatory action in the crypto world.

2 months ago·Hong Kong

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