SEC Seeks $2 Billion Penalty from Ripple Labs

By: Eliza Bennet

The U.S. Securities and Exchange Commission (SEC) is reportedly planning to ask a New York judge to impose a $2 billion judgment against the crypto firm Ripple Labs. This significant development was announced on social platforms by the Chief Legal Officer of Ripple Labs.

While the company's top management expressed concern about the large financial penalty, they indicate their readiness for the upcoming court hearing. For more information on Ripple and other cryptocurrencies, please visit Ripple's official page.