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About FRESCO

Fresco (FRESCO) is a cryptocurrency launched in 2024. FRESCO has a current supply of 0 with 0 in circulation. The last known price of FRESCO is 0.000000000311 USD and is 0.000000000038 over the last 24 hours. It is currently trading on active market(s) with $13,541.60 traded over the last 24 hours. More information can be found at .
FRESCO Price Statistics
FRESCO’s Price Today
24h Price Change
+$0.00000000003814.02%
24h Volume
$13,541.6030.37%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#2794
FRESCO Market Cap
Market Cap
$0
Fully Diluted Market Cap
$130,626.63
FRESCO Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
FRESCO Supply
Circulating Supply
0
Total Supply
0
Max Supply
420,690.00Bn
Updated Jun 17, 2024 9:58 am
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FRESCO
Fresco
$0.000000000311
$0.000000000038(+14.02%)
Mkt Cap $0
There's nothing here for now
SEC Rejects Ripple Labs' Plea To Lower Fines, Insists On Nearly $2 Billion Penalty
SEC Rejects Ripple Labs' Plea To Lower Fines, Insists On Nearly $2 Billion Penalty
According to PANews, the U.S. Securities and Exchange Commission (SEC) has dismissed the latest arguments from Ripple Labs to reduce its fines, insisting on a total penalty of nearly $2 billion. This includes $198.2 million in pre-judgment interest, $876.3 million in civil penalties, and another $876.3 million in refund amounts. Last month, Ripple attempted to seal part of its financial information, but the SEC opposed this, believing the company should disclose the revenue obtained through XRP. Last week, Ripple proposed to Judge Analisa Torres of the New York District Court a fine 'not exceeding $10 million', far less than the $876.3 million civil penalty proposed by the SEC. Ripple cited the SEC's settlement agreement with Terraform Labs as a basis. However, the SEC emphasized in its response that its settlement with Terraform was based on the company's bankruptcy, agreement to refund, and dismissal of relevant responsible persons, measures that Ripple has not taken. The SEC stated that Ripple's fine should be calculated based on the gross profit of its violations, not the total sales. If the penalty ratio of Terraform (close to 12%) is applied to Ripple, its fine should be $102.6 million. The SEC believes that such a low fine cannot meet the purpose of civil penalty regulations. Since the SEC accused Ripple of selling unregistered securities in 2020, the two parties have been arguing in court. Judge Torres has confirmed Ripple's illegal behavior, but only when selling to institutional investors. Currently, the legal battle between the two parties continues.
Jun 17, 2024 9:54 am
The US SEC rejected Ripple's request to reduce the fine and said it was "not comparable" to the Terraform case
The US SEC rejected Ripple's request to reduce the fine and said it was "not comparable" to the Terraform case
The U.S. Securities and Exchange Commission has refuted Ripple Labs’ recent arguments for a lower fine. Last week, Ripple again asked New York District Court Judge Analisa Torres on June 13 to fine it “not more than $10 million,” significantly less than the $876.3 million civil penalty the SEC had proposed. In a June 14 letter to Judge Torres, the SEC argued that its $4.5 billion settlement with Terraform and its co-founder Do Kwon — including a $420 million civil penalty — was reached in the context of the company’s bankruptcy, agreement to return funds to investors, and firing executives “responsible for the violations at the time.” The SEC said Ripple considered Terraform’s $420 million civil penalty to be about 1.27% of its “$33 billion in gross sales,” but the two are not comparable, adding that it measured Terraform’s fine based on “gross profits from the violations,” which it estimated to be more than $3.5 billion, a ratio closer to 12%. It also believes that if Ripple requests the same ratio, its civil penalty will reach $102.6 million, and "such a low penalty does not meet the purpose of the civil penalty statute." It is reported that the total fine imposed by the SEC on Ripple is nearly $2 billion, including $188.2 million in prejudgment interest, $876.3 million in civil penalties, and $876.3 million in disgorgement. (Cointelegraph)
Jun 17, 2024 9:49 am

Frequently Asked Questions

  • What is the all-time high price of Fresco (FRESCO)?

    The all-time high of FRESCO was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Fresco (FRESCO) is 0. The current price of FRESCO is down 0% from its all-time high.

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  • How much Fresco (FRESCO) is there in circulation?

    As of , there is currently 0 FRESCO in circulation. FRESCO has a maximum supply of 420,690.00Bn.

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  • What is the market cap of Fresco (FRESCO)?

    The current market cap of FRESCO is 0. It is calculated by multiplying the current supply of FRESCO by its real-time market price of 0.000000000311.

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  • What is the all-time low price of Fresco (FRESCO)?

    The all-time low of FRESCO was 0 , from which the coin is now up 0%. The all-time low price of Fresco (FRESCO) is 0. The current price of FRESCO is up 0% from its all-time low.

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  • Is Fresco (FRESCO) a good investment?

    Fresco (FRESCO) has a market capitalization of $0 and is ranked #2794 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Fresco (FRESCO) price trends and patterns to find the best time to purchase FRESCO.

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