🎉Good news! The U.S. Securities and Exchange Commission (SEC) has responded to Ripple's judgment letter regarding Terraform Labs, requiring Ripple to pay a $102.6 million settlement. 👀According to the source @RippleXrpie, the two parties are expected to reach a settlement soon. đŸ’ŒCoinbase Chief Legal Officer Paul Grewal commented: "The SEC believes that settlements have limited role in determining relief measures in litigation situations."

📚It is worth noting that Ripple Labs' lawyers tried to use the recent fine against Terraform Labs to strive to pay a lower fine in its case with the SEC. Ripple, which has been engaged in a lengthy legal battle with the SEC over the past few years, said in a "supplemental authority notice" on Thursday that the financial fine proposed by the regulator was unreasonable. 🔍Ripple compared the SEC's proposed $2 billion fine for its sale of XRP to institutional investors with the fine against Terraform Labs, arguing that its fine should be closer to $10 million.

🎯Finally, it’s worth mentioning that Terraform Labs has agreed to pay a $4.47 billion fine, and a judge approved the settlement late Thursday. This certainly provides new references for Ripple’s case. 🔼Let’s wait and see how Ripple’s settlement with the SEC will develop!