#XRP stuck below $0.50 as Ripple CLO says SEC has abandoned demand for $2 billion fine.
Ripple Chief Legal Officer says that SEC seems to have abandoned its “absurd demand” of a $2 billion penalty.
The SEC’s latest reply to the judge suggests a fine of around $100 million, above the $10 million ceiling that Ripple considers fair.
XRP trades broadly steady on Monday, facing sticky resistance at $0.50.
XRP struggles to make a comeback above sticky resistance at $0.50 on Monday as traders continue to assess the legal skirmishes between blockchain firm Ripple and the US Securities and Exchange Commission (SEC).