Ripple's Legal Battle with the SEC Escalates to a $1.95 Billion Dispute
In a notable development within the cryptocurrency sector, Ripple's Chief Legal Officer (CLO), Stuart Alderoty, has revealed the company's strategy to confront a significant legal challenge posed by the U.S. Securities and Exchange Commission (SEC). In a contentious move, the SEC has filed a motion with the US District Court for the Southern District of New York, seeking a staggering sum of approximately $1.95 billion from Ripple. This extensive sum comprises $876,308,712 in disgorgement, $198,150,940 in prejudgment interest, and an additional $876,308,712 in civil penalties.
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