SEC Rejects Ripple’s Bid for Lower Penalty, Dismisses Terraform Comparison
US regulator the SEC has rejected XRP token founder Ripple’s request for a reduced civil penalty, arguing that the “wealthy” company needed a stronger deterrent. The agency rebuked Ripple’s claims that a US$10m penalty was appropriate in line with the SEC’s recent settlement in its fraud case against Do Kwon’s Terraform Labs, saying the details…