The Securities and Exchange Commission (SEC) is contending that Ripple ought to shell out a hefty penalty of roughly $2 billion for their institutional XRP sales. On the other hand, Ripple is maintaining that the appropriate amount should be a mere $10 million. Nonetheless, a final verdict on the matter has yet to be reached. In 2023, a judge decreed that sales of different varieties would not be deemed sales of securities. Nevertheless, no precise date has been established for the imposition of the fine. This predicament looms large in shaping the course of Ripple’s forthcoming actions and strategies.
