đGood 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. đAccording to the source @RippleXrpie, the two parties are expected to reach a settlement soon. đŒCoinbase Chief Legal Officer Paul Grewal commented: "The SEC believes that settlements have limited role in determining relief measures in litigation situations."
đIt 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. đRipple 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.
đŻFinally, itâs 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 Rippleâs case. đźLetâs wait and see how Rippleâs settlement with the SEC will develop!