As a professional translator, I would translate this news article into English using a descriptive tone to ensure accuracy and fluency. Here is the translation:
In a “Supplemental Authorization Notice” released by Ripple’s lawyers on Thursday, it was stated that the $2 billion economic penalty proposed by the SEC was unreasonable, and the company compared its fine with the one imposed on Terraform Labs. Ripple argued that its penalty should be closer to $10 million.
Terraform agreed on Wednesday to pay a fine of $4.7 billion, and later on Thursday, a judge signed the settlement agreement.
Ripple’s lawyers stated: “The civil penalties sought by the SEC in the Terraform case demonstrate that the civil penalties sought by the SEC in this case are unreasonable, as explained by Ripple’s opponents, in similar (or even worse) cases, the civil penalties agreed upon by the SEC were between 0.6% and 1.8% of the defendant’s total revenue, Terraform fits this pattern.”
Tags
Ripple
SEC
Terraform
Source link: https://www.theblock.co/post/300093/ripple-argues-for-lower-fines-than-secs-pr…
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