Ripple has opened up about its ongoing fight with the SEC by sharing previously sealed court documents. These documents are crucial for understanding why the SEC wants to fine Ripple $2B, while Ripple believes a $10M fine is fair.
This move to share documents is a big step in a battle that many in the fintech world are watching closely.
After facing charges for breaking the Securities Act, Ripple didn’t just stand by. The company changed how it sells its XRP currency, making sure it only deals with approved investors and getting the right licenses to sell legally around the world. Despite these changes, the SEC still wants to impose A $2B fine, suggesting potential future violations without showing real proof.
The release of these documents stirs up more discussion on how far the SEC can go and shows Ripple’s effort to follow the rules. With this crucial information now available to everyone, people can better judge Ripple's stance as they stand up to the SEC's tough demands and push for fair treatment.
