XRP EMERGENCY UPDATE: IMPORTANT INFORMATION FOR XRP HOLDERS

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than $10 million. A total of $1 billion in civil penalties were imposed on Ripple Labs, of which $876 million were for deterrence and $198 million were for prejudgment interest. Despite the fact that the court found Ripple guilty of violating Federal Securities laws by selling xrp to institutions, the CC's proposal claims that the court rejected earlier accusations that selling xrp on exchanges and via algorithms also violated the law. In their letter, Ripple's attorneys claimed that the sec's remedial demands constitute

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