Civil Plaintiff

SEC Lowers Its Ripple Settlement Demand to $103 Million

A glimmer of hope emerged for Ripple Labs this week in their ongoing legal battle with the SEC. The Securities and Exchange Commission slashed its proposed settlement amount from a staggering $2 billion to a more manageable $102.6 million.

While this represents a significant concession, Ripple still faces a tough decision: accept the deal and live with the uncertainty surrounding XRP’s legal status, or risk a potentially disastrous court battle.

Read more at Bitcoinist

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