A lawsuit between Ripple and the SEC since December 2020 over unregistered securities offerings through the sale of XRP is now discussing proposed fines of $102.6 million. 🏛️💰

Projections call for a decision by July 31 with a possible fine of $25 million, but the complexity of the case and appeals could delay it, affecting the price of XRP. 📉📆

Ripple intends to use to its advantage the decision of Judge Amy Jackson, who rejected the SEC's claims that secondary sales of the BNB token to Binance constitute securities transactions.

However, the SEC quickly responded, saying that the case against Binance is "absolutely irrelevant" to the case against Ripple.

The resolution of the lengthy legal battle is expected with great volatility for the XRP price.