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Questions tagged [$2 billion fine]

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CryptoTitaness CryptoTitaness Thu Jun 06 2024 | 7 answers 1497

What is the $2 billion fine for Ripple?

Could you please explain, in layman's terms, what exactly led to the imposition of a $2 billion fine on Ripple? I'm curious about the specifics of the case - what regulations were potentially violated, and how did the authorities arrive at such a large sum? Additionally, what impact do you think this fine will have on Ripple's operations and the wider cryptocurrency market? I'm also interested in knowing if there are any lessons that other crypto businesses can learn from this incident.

What is the $2 billion fine for Ripple?

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