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What happens if ripple violates US securities laws?

Ripple and the SEC await the court verdict on the penalty Ripple must pay for violating the US securities laws. However, the cause of action for misleading statements concerning the offer or sale of securities under California state law will go to trial.

Will the SEC impose a $2 billion fine against Ripple Labs?

May 29-31, 2024 - Austin, Texas The biggest and most established global event for everything crypto, blockchain and Web3. Register Now Ripple Labs has opposed the SEC’s proposal seeking a nearly $2 billion fine against the company. Ripple Labs said the Court should impose a civil penalty of no more than $10 million.

Did Ripple Labs violate federal securities laws?

The case began in December 2020 when the SEC filed suit against Ripple Labs and its executives, alleging that they violated federal securities laws by selling XRP to both institutional and retail customers.

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