SEC Seeks $1.9 Billion from Ripple in Landmark Legal Battle

The legal dispute centers on allegations of unregistered securities transactions, with significant implications for the crypto industry.

The SEC has filed a proposed final judgment seeking nearly $2 billion from Ripple Labs for conducting unregistered securities transactions.
Ripple's executives have criticized the SEC's actions as misleading and designed to intimidate, promising a robust response next month.
The legal battle between the SEC and Ripple has been ongoing since 2020, with both sides expressing strong stances on the nature of XRP transactions.
Judge Analisa Torres previously ruled that Ripple's institutional sales of XRP were unregistered securities transactions, while programmatic sales did not violate securities laws.
The case's outcome could have significant implications for the cryptocurrency industry, particularly regarding the registration and sale of crypto assets as securities.