Ripple Labs pushed back against the Securities and Exchange Commission’s request for the court to impose nearly $2 billion in fines. 

“In a case that had no allegations (or findings) of recklessness or fraud, and in which Ripple won on significant issues, the SEC’s ask is just more evidence of its ongoing intimidation against all of crypto in the US,” Ripple’s Chief Legal Officer Stuart Alderoty said in a post on X. 

In the filing, Ripple argued that the SEC didn’t allege “fraud, deceit” or manipulation and the case failed to “show that Ripple recklessly disregarded the law.”

Instead, Ripple argued, the court should impose a penalty of “no more than $10…

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