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Ripple Labs, the company behind the XRP cryptocurrency, is embroiled in a legal tussle with the U.S. Securities and Exchange Commission (SEC) over a proposed $2 billion penalty. This dispute centers on the SEC's allegations that XRP constitutes an unregistered security, a claim that has shadowed Ripple since late 2020 when the SEC initiated legal proceedings against the company and its executives.

The crypto realm concludes yet another week, piquing substantial investor interest. Bitcoin (BTC) and Ethereum (ETH) traded with immense volatility, whereas XRP and Terra Luna (LUNC) have caught the eyes of market enthusiasts with their cryptographic advancements.

Ripple is pointing to the recent Terraform Labs settlement in a bid to reduce their own penalty from the U.S. Securities and Exchange Commission (SEC). Earlier this week, the SEC reached a $4.

Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.

The US Securities and Exchange Commission (SEC) has countered Ripple's attempt to use the Terraform Labs settlement to argue against a proposed $2 billion fine.

Ripple Labs and the SEC are at odds over a settlement amount in the ongoing lawsuit concerning XRP sales.

Terraform Labs and Do Kwon asked to pay $4.5 billion after the guilty verdict on crypto fraud.

The ongoing legal brawl between Ripple Labs and the United States Securities and Exchange Commission (SEC) took a new twist, with the regulator filing its response to the blockchain payments firm. Recall that Ripple had previously accused the SEC of demanding unreasonable settlement charges, which was evident in the case of Terraform Labs.

In its ongoing lawsuit against the regulator, Ripple has referenced a recent settlement between the SEC and Terraform Labs.

A United States district court judge has signed off on a $4.5 billion settlement between Terraform Labs, Do Kwon and the United States Securities and Exchange Commission.

SEC reaches a $4.5 billion settlement with Terraform Labs and Do Hyeong Kwon.

Ripple's lawyers have asked a court to consider an "appropriate" civil penalty in its ongoing case against the SEC, citing the recent settlement between the regulator and Terraform Labs as evidence that the SEC's requested $2 billion penalty is unreasonable. The post Ripple rejects SEC's $2 billion fine for ‘unreasonableness' citing Terraform settlement appeared first on Crypto Briefing.

Terraform Labs, the infamous company behind the Terra stablecoin collapse, has agreed to settle with the US Securities and Exchange Commission for $4.5 billion.

The blockchain firm's case with the SEC has been ongoing since December 2020, when the regulator alleged Ripple used XRP as an unregistered security to raise funds.

Ripple Labs Inc. seeks a reduced fine from the SEC, arguing for a penalty similar to Terraform Labs' settlement.

Ripple has unveiled a strategic legal maneuver in its ongoing battle against the U.S. Securities and Exchange Commission (SEC). By leveraging a recent landmark settlement involving TerraForm Labs (TFL), Ripple is challenging the SEC's punitive stance, sparking discussions among industry insiders and legal pundits alike.

Chris Amani, the CEO of Terraform Labs, also announced that the firm will cease operations, and the community will need to take over ownership of the chain.

In a new turn in the ongoing legal dispute between Ripple and the SEC, the crypto company has invoked the recent TerraForm Labs consent judgment to challenge the regulator's demands.

LUNC price has experienced notable volatility over the past 24 hours. After a bearish downturn, the price is hovering below the $0.0001 resistance level.

Amid all this, the price of XRP has continued to decline, losing more than 10% in the last eight days.

Crypto firm Ripple has referenced the recent settlement between the US Securities and Exchange Commission (SEC) and Terraform Labs to challenge the financial regulator's proposed $2 billion penalty.

Ripple Labs Inc., a major player in the crypto currency world, has publicly challenged the U.S. Securities and Exchange Commission's (SEC) massive $4.47 billion penalty imposed on Terraform Labs and its founder, Do Kwon. Ripple argues that the fine is disproportionately high, especially considering the company's financial situation and the nature of the alleged infractions.

Ki Young Ju said that government settlements often prioritize financial gains over upholding the law while adding that $4.5 billion from Do Kwon would be impossible without him committing a financial crime.

In the ongoing high-stakes legal battle between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC), the fintech company has submitted a significant notice of supplemental authority to the Southern District of New York.