Ripple Opposes SEC's Motion for Remedial Actions and Final Judgments

According to PANews, a legal document shared by former U.S. federal prosecutor James K. Filan on platform X reveals that Ripple has voiced opposition to the U.S. Securities and Exchange Commission's (SEC) motion concerning remedial measures and final judgments. Stuart Alderoty, Chief Legal Officer of Ripple Labs, also expressed on platform X that they oppose the SEC's request for a $2 billion fine for legacy institutional sales behavior. He stated that there were no charges or findings of reckless behavior or fraud in this case, and Ripple won on significant issues. Therefore, he believes that the SEC's request is just another evidence of its continued intimidation of all cryptocurrency behavior in the U.S. He remains confident that the judge will handle this final relief stage fairly. Brad Garlinghouse, CEO of Ripple, commented on platform X that it was appropriate to submit their response on the same day two SEC lawyers resigned due to their improper behavior in the debt box case. He added that long after Gensler leaves, the U.S. will still have to clean up the aftermath of the agency's disastrous policies.