Ripple (XRP) faces $2B SEC fine, vows to fight in ongoing crypto clash
Ripple Labs is now embroiled in a $2 billion legal dispute with the Securities and Exchange Commission (SEC), as stated by Ripple’s chief legal officer, Stuart Alderoty. Alderoty condemned the SEC for using deceptive strategies and accused it of attempting to frighten both Ripple and the broader industry. Ripple CEO Brad Garlinghouse expressed disapproval of the Securities and Exchange Commission’s (SEC) request for $2 billion, deeming it exorbitant. He referenced the DEBT Box case, in which Judge Robert Shelby reprimanded the SEC for engaging in fraud. The current legal dispute between the SEC and Ripple centers on the classification of