SEC seeks enormous 300% of unregistered sales from Ripple
As the cryptocurrency community still awaits the conclusion of the courtroom standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, legal experts have highlighted what seems to be the regulatory watchdog’s unequal approach. Specifically, law professor J. W. Verret pointed out that the “SEC typically collects 11% of unregistered sales claims, but in Ripple case, they want 300%,” adding that “this is what abuse of power looks like,” as he explained in a post on his X profile BlockProf shared on April 3. Disproportionate Ripple SEC request Furthermore, Verret posted a graphic showing the disproportionate amount in legal remedies that the regulator was demanding from Ripple, juxtaposed with what it had collected in other cases, including against Telegram, Kik Interactive, decentralized video-sharing platform LBRY, and crypto exchange Kraken. Picks for you Who owns WhatsApp? 19 mins ago Robert Kiyosaki says ‘we’re F...