📰 Ripple vs. SEC Lawsuit Update: Key Developments
The ongoing Ripple vs. SEC lawsuit has seen significant updates. David Hirsh, the SEC's Chief of Crypto Asset and Cyber Unit, resigned, leading to speculation about the case's future. The SEC reduced its penalty demand from $2 billion to $102.6 million, following Ripple’s request for a maximum of $10 million. Additionally, Ripple’s CEO, Brad Garlinghouse, faces another lawsuit in California, but federal securities law violations were dismissed. Ripple's legal team remains optimistic.
