Why SEC is Demanding Penalty From Ripple

Krutika Adani

The SEC has accused Ripple of selling unregistered securities in 2020.

Although traditionally the SEC has demanded a lower penalty i.e., <15%.

For Ripple, it seeks a 300% penalty, i.e., $2 billion

A similar penalty of 73% was imposed on TON Coin

Netizens and the crypto community call it an abuse of power