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The Ripple vs. SEC trial progresses, following a new schedule set by Judge Sarah Netburn.
1. Current Phase: Ripple and SEC are in trial, with a new schedule from Judge Netburn.
2. Response Deadlines:
- SEC to respond by April 29.
- Ripple to reply within three business days.
3. Judge's Favorable View: Judge Netburn's previous support for Ripple's XRP offers hope for a positive outcome.
4. Predicted Conclusion: Attorney Jeremy Hogan suggests the case could end by summer, possibly with a $100 million settlement.
5. Previous Demands:
- SEC previously sought a $2 billion fine.
- Ripple argued against XRP being labeled a security.
6. Ripple's Proposal: Ripple's legal officer proposed a penalty capped at $10 million.