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SEC seeks $1.9B from Ripple in proposed final judgment

From blockworks.co

The Securities and Exchange Commission officially filed its proposed final judgment in its case against Ripple Labs. In the filing, the SEC is asking the court to grant a final motion in its favor and award a judgment of $1.9 billion to the agency. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, in posts on X Monday, announced that the regulatory agency was seeking a billion-dollar sum from the company. “Our response will be filed next month, but as we all have seen time and again, this is a regulator that trades in statements that are false, mischaracterized and designed to mislead. They stayed ... (full story)

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