![Ripple’s request for a lighter punishment is turned down by the SEC.](https://web3cryptocurrencynews.com/wp-content/uploads/2024/06/Ripple.jpg)
Ripple’s request for a lighter punishment is turned down by the SEC.
The US Securities and Exchange Commission (SEC) has criticized Ripple Labs’ argument for a lower civil penalty, stating it wouldn’t be enough. Ripple cited the SEC’s settlement with Terraform Labs when it asked Judge Analisa Torres of the United States District Court for the Southern District of New York for a penalty of “no more…