Ripple has filed an opposition to the SEC's motion to impose a $2 billion fine against it

ChainCatcher news, according to legal documents shared by former U.S. federal prosecutor James K. Filan, Ripple has filed an opposition to the U.S. Securities and Exchange Commission (SEC) regarding the motion for remedies and final judgment.

Ripple Labs Chief Legal Officer Stuart Alderoty stated, "We oppose the SEC's request for a $2 billion fine for legacy institutional sales, which has now been made public. There are no allegations (or findings) of recklessness or fraud in this case, and Ripple has won on significant issues. Therefore, the SEC's request is just further evidence of its continued intimidation of all cryptocurrency activities in the U.S. We still believe that the judge will handle this final relief phase fairly."