🚀Buckle up, BTC enthusiasts! Ripple is making waves in its ongoing legal tussle with the US Securities and Exchange Commission (SEC). 🏛️

🔍Ripple is leveraging a recent Binance ruling to argue against hefty penalties in their SEC lawsuit, citing regulatory uncertainty. The SEC has slashed its proposed penalty from a whopping $2 billion to $102.6 million, while Ripple is pushing for a cap at $10 million. 💰

📜Ripple's legal counsel, Michael Kellogg, believes the recent decision supports Ripple's argument that its alleged illegal sales of XRP do not warrant "harsh remedies". The lack of regulatory clarity prior to the ruling, he argues, supports Ripple's position that the Court's finding of a strict liability violation on some of Ripple's sales does not reflect reckless disregard for the law. 📚

📈Interestingly, XRP's market performance often mirrors developments in this lawsuit. The token's price headed north following the filed letter and remains slightly in the green on a daily scale. In comparison, other leading cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have tanked substantially in the past 24 hours. 📉

🥊The bone of contention in this case is the size of Ripple's penalty. Ripple compared the lawsuit with the one between the regulator and Terraform Labs, saying direct allegations of fraud were only evident in the one against the defunct crypto company. The SEC, however, has softened its tone, proposing a $102.6 million penalty. Stay tuned for more updates! 📰