Ripple uses recent Binance decision to fight heavy fines in SEC case, citing regulatory uncertainty. The agency reduced the proposed penalty from $2 billion to $102.6 million, but the company is seeking a maximum penalty of $10 million. 🏛️🔍

Ripple filed a Notice of Authority regarding the recent ruling involving Judge Amy Jackson, who dismissed Binance's claims that secondary market sales of its BNB token constituted securities transactions. Ripple seems to be planning to use this decision to its advantage. 📜👨‍⚖️

Developments around the protracted lawsuit between Ripple and America's securities regulator generally mirror XRP's market performance. The token's price rose following the letter and remained slightly green on the daily scale. Unlike other leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have fallen significantly in the last 24 hours. 💹📉

One of the main issues regarding the possible resolution of the case is the size of Ripple's fine. While the SEC initially sought a staggering $2 billion fine, the firm argued that the amount should not exceed $10 million. Ripple compared the case to that between the regulator and Terraform Labs, saying fraud allegations were only evident in the one against the bankrupt crypto company. Shortly thereafter, the SEC softened its tone, proposing a penalty of $102.6 million. 🏦💰

What do you think about this? We are waiting your comments! 👇👇👇