Ripple is about to respond to the SEC's proposed remedial plan and may challenge the SEC's request for its fine

According to U.Today, in the legal war between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple is preparing to make a key response to the SEC's remedial plan within the next 24 hours, that is, on April 22. The SEC's remedial plan proposes a penalty requirement for Ripple, including the recovery of profits from XRP sales and civil penalties.

The SEC is demanding that Ripple pay a fine of approximately $2 billion, alleging that it violated securities laws through unregistered institutional sales of XRP. Market observers expect Ripple to vigorously oppose the SEC's remedy program and may use recent legal victories and regulatory developments to bolster its case. Ripple may challenge the SEC's fine request and emphasize that the buyers suffered no financial loss, potentially undermining the SEC's recovery request.