{"id":1165,"date":"2024-04-23T06:27:32","date_gmt":"2024-04-23T06:27:32","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/23\/ripple-requests-court-to-reject-secs-2-billion-claims\/"},"modified":"2024-04-23T06:27:32","modified_gmt":"2024-04-23T06:27:32","slug":"ripple-requests-court-to-reject-secs-2-billion-claims","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/23\/ripple-requests-court-to-reject-secs-2-billion-claims\/","title":{"rendered":"Ripple requests court to reject SEC&#8217;s $2 billion claims."},"content":{"rendered":"<p>The agency sent documents to the court last month, seeking the company to recover funds. The claims include $876 million in compensatory damages, $198 million in interest, and $876 million in civil penalties. The company\u2019s officials stated that the civil fine should not exceed $10 million.<\/p>\n<p>They also denied the SEC\u2019s allegations of ongoing XRP sales to institutions. Ripple\u2019s Chief Legal Officer, Stuart Alderoty, argued that the SEC&#8217;s claims were based on an unsuccessful case and suggested that the agency aims to intimidate the market. The court determined that XRP&#8217;s retail sales do not violate securities laws, though the trial is ongoing, focusing on XRP\u2019s institutional sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agency sent documents to the court last month, seeking the company to recover funds. The claims include $876 million in compensatory damages, $198 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[374],"tags":[],"class_list":["post-1165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple-cryptocurrency"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=1165"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/1164"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=1165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=1165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=1165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}