Posted 3/30/2024, 4:08:00 PM
SEC Seeks Nearly $2 Billion From Ripple Over Alleged Securities Law Violations
- SEC submitted brief requesting Ripple pay $1.95B for violating securities laws
- Payment to be made within 30 days if court rules in SEC's favor and no appeal
- Ripple may need to liquidate over 3.1B XRP, worth $1.95B at current prices, to raise funds
- Massive XRP sell-off could significantly impact token's price and cause it to tank
- Situation pending court decision and potential Ripple appeal of judgment
