Ripple has filed an objection to the US SEC's motion asking the judge to impose a $2 billion fine on it

According to a legal document shared by former U.S. federal prosecutor James K. Filan on the X platform, Ripple has objected to the U.S. SEC's motion for remedies and final judgment. Ripple Labs Chief Legal Officer Stuart Alderoty posted on the X platform: "Our opposition to the SEC's request for a $2 billion fine for legacy institutional sales is now public. There are no allegations (or findings) of reckless behavior or fraud in this case, and Ripple won on major issues, so the SEC's request is just another piece of evidence of its continued intimidation of the U.S. cryptocurrency industry. We still believe that the judge will handle this final remedy stage fairly." Previously in March, the U.S. SEC planned to ask the judge to impose a $2 billion fine on Ripple Labs, and the relevant documents were part of Ripple's years-long case with the SEC. Ripple's chief legal officer Stuart Alderoty said that Ripple's response will be submitted next month, but as we have seen before, the statements issued by the SEC are false, mischaracterized and intended to mislead. The SEC is not faithfully enforcing the law, but is bent on punishing and intimidating Ripple and the entire industry.