The Securities and Exchange Commission (SEC) has asserted that Ripple is obligated to pay a substantial fine of roughly $2 billion for its institutional sales of XRP. Conversely, Ripple contends that the appropriate amount for the penalty should be a mere $10 million. Nevertheless, a final resolution regarding this matter has not yet been reached. In 2023, a judge decreed that sales of different varieties would not be classified as sales of securities. However, the precise date for the imposition of the fine remains undetermined. This circumstance holds considerable weight in shaping Ripple’s forthcoming actions and tactics.
