Get all your news in one place.
100's of premium titles.
One app.
Start reading
Top News
Top News

INSANE: Us sec seeks billion from ripple labs in case - The Real Truth

Ripple Labs SEC United States Crypto XRP the US Securities and Exchange Commission
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/

The U.S. Securities and Exchange Commission (SEC) is seeking a hefty sum of $2 billion from Ripple Labs, as revealed by the company's chief legal officer. This development comes amidst an ongoing legal battle between Ripple Labs and the SEC over the sale of XRP, the digital asset associated with Ripple.

The SEC alleges that Ripple Labs conducted an unregistered securities offering through the sale of XRP, which the company vehemently denies. The lawsuit, which was filed in December 2020, has been a point of contention in the cryptocurrency and fintech industries.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Kim Kardashian Is 'Technically More a Lawyer' Than Trump's Press Secretary, Jimmy Kimmel Says
During an appearance on Jimmy Kimmel Live!, Kim Kardashian discussed her legal studies as Kimmel joked about her qualifications compared with departing White House press secretary Katie Zacharia.
International Business Times UK
International Business Times UK
Picasso Plates Auction Sale: thrift find turns into $34,000 windfall; she saves one for later
While perusing a thrift store, Nancy Cavaliere stumbled upon four ceramic plates attributed to Pablo Picasso, each priced at just $1.99. After authenticating them through an auction house, she struck gold with a December 2022 sale where three plates fetched a remarkable $34,000. The plates are part of Picasso's Visage…
The Times of India
The Times of India
‘A key artist in her own right’: wallpaper and fabrics designer emerges from William Morris’s shadow
Creativity and influence of Morris & Co designer Kate Faulkner to be detailed in Cambridge exhibition
The Guardian - UK
The Guardian - UK
Mark Cuban is worth $10 billion—but in college, he paid for junior year with a dorm-room chain letter he admits was ‘basically a scam’
Cuban, who grew up in a working-class family, says his early hustles laid the groundwork for a career that took him from a crowded Dallas apartment to billionaire status.
Fortune
Fortune
Art dealer who sold forged Warhols sentenced to nearly four years in prison
Leslie Roberts, 62, who created fraudulent invoices and authentication documents, also ordered to repay $2.6m
The Guardian - US
The Guardian - US
Total Ultraprocessed Food Intake Showed No Link to Colorectal Cancer in 461,682 Older Adults Followed Nearly 19 Years
A study of 461,682 older adults found no link between total ultraprocessed food intake and colorectal cancer, though meat intake still raised risk.
Medical Daily
Medical Daily
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play