SEC Seeks $2 Billion Judgment Against Ripple Labs in Ongoing Legal Battle
The SEC is reportedly seeking a $2 billion judgment against Ripple Labs, according to social media posts from the company's CEO and chief legal officer. The motion for judgment and remedies was filed on Friday and remains under seal. The judgment would bring an end to the legal battle between Ripple Labs and the SEC, which began in December 2020. Ripple Labs plans to fight back against the proposed judgment motion and will file its response next month.
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