The legal battle between Ripple and the SEC continues through 2023, with Ripple achieving significant partial legal victories. 🏛️😅 The possible penalty is still controversial, although the SEC recommends $102.6 million, it is stated that the company is requesting a maximum penalty of $10 million. 🤔💰

Since Ripple was sued in December 2020 for illegally raising over $1.3 billion through the sale of XRP, the ongoing legal battle with the SEC has been one of the most interesting topics in the crypto space. 🚀

Ripple has had several significant (but partial) court victories in recent years. This led to the price of XRP increasing by over 70% in 24 hours. 📈😎

The case entered trial in April this year, but presented an additional conflict rather than a final settlement. Ripple pointed to Judge Amy Jackson's decision, which rejected Binance's claims that secondary market sales of its BNB token constituted securities transactions.

The SEC quickly responded, arguing that the case against Ripple was "completely irrelevant."

Ripple's possible punishment has become another point of contention in the case. The SEC initially sought a penalty of $2 billion, but the company argued that no more than $10 million should be sought.

Although the case is in its final stages, an outcome may be delayed indefinitely due to the complexity of the legal process and possible objections from both sides. But some optimists believe a deal could happen in the coming weeks.

How do you think this legal battle between Ripple and the SEC will end? We are waiting your comments! 👇😊