Ripple continues to make significant strides in its ongoing legal battle with the US Securities and Exchange Commission (SEC). The dispute, which started in December 2020, has seen Ripple secure three crucial partial court victories. The latest development saw Judge Amy Jackson dismiss the SEC's claims that secondary market sales of Binance's BNB token constituted securities transactions. Ripple's defense team argues this supports their case that the alleged illegal sales of XRP do not warrant "harsh remedies."

The potential penalty remains a point of contention, with the SEC proposing a $102.6 million fine, while Ripple argues for a maximum of $10 million. Despite the ongoing legal complexities and potential for appeals, some industry participants remain optimistic about a resolution in the coming weeks. American attorney Fred Rispoli predicts a resolution by July 31, with a penalty of no more than $25 million for Ripple and $0 disgorgement.