Ripple, known for its digital asset XRP, has stood firm against what it perceives as intimidation tactics by the SEC. Rather than succumbing to the jaw-dropping penalty figure, Ripple has signaled its willingness to pay approximately $10 million, a far cry from the SEC’s initial demand. The move comes amidst allegations by the SEC that Ripple unlawfully raised $1.3 billion through the sale of XRP, an accusation vehemently denied by Ripple.·
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