Ripple's Chief Legal Officer refutes SEC allegations and insists that the settlement amount is capped at $10 million

According to Foresight News, Ripple’s chief legal officer further refuted the SEC’s allegations after proposing to the SEC that the settlement he would accept would be capped at $10 million. He stressed that unlike the Terraform Labs case, there are no victims to compensate in Ripple’s case.

The U.S. SEC is seeking a $102.6 million settlement with Ripple, while Ripple insists on a $10 million cap.