🚀The legal conflict between Ripple and the US Securities and Exchange Commission (SEC) continues. David Hirsh, Chief of the SEC's Crypto Asset and Cyber ​​Unit, resigned as the litigation progressed. 🎭 The SEC reduced its proposed penalty from $2 billion to $102.6 million, while Ripple insists on a maximum of $10 million. 😲

Ripple's possible penalty became a subject of discussion between the two organizations. First, the SEC proposed a $2 billion penalty for the company, claiming that it engaged in an unregistered securities offering by selling the XRP token.

Ripple did not welcome this idea with open arms and gave several reasons why the amount should not exceed $10 million. Recalling the case between the SEC and Terraform Labs, he noted that the bankrupt crypto firm agreed to pay a $420 million civil penalty for its fraudulent actions.

The resolution of the legal conflict could trigger a significant surge in XRP's price, with some analysts expecting a bull run in case of a decisive victory for Ripple. 🐂 Those who want to learn more about the case can check out our special video below. What are your thoughts? We are waiting your comments! 👇👇👇