🚀Hey BTC enthusiasts! Here's the latest scoop on the Ripple v. SEC lawsuit as of June 27th. 📰

The SEC has dropped its demand for a fine from a staggering $2 billion to a still hefty $102.6 million. Ripple's legal team, however, insists on a maximum penalty of $10 million. 💰

Meanwhile, David Hirsh, the SEC’s Chief of the Crypto Asset and Cyber Unit, has stepped down. 🚶‍♂️

Ripple's CEO Brad Garlinghouse is also dealing with a civil lawsuit in California. But there's a silver lining! The CA judge dismissed all allegations that Ripple violated federal securities law, leaving the NY ruling that XRP is not a security undisturbed. 🏛️

Garlinghouse and Ripple's legal chief, Stuart Alderoty, have been vocal in their criticism of SEC's chairman Gary Gensler. Garlinghouse even suggested Gensler's actions could cost Biden the election. 🗳️

That's all for now, folks! Stay tuned for more updates on the world of Bitcoin and beyond! 🌍🚀