$XRP vs. SEC Update: XRP Fans, Here's What You Need to Know! 🔥

Looks like the Ripple vs. SEC battle is heating up again! ⚔️😤 Ripple's lawyers are pointing to the recent Terraform Labs case to argue for a much lower penalty in their own lawsuit.

Remember, Terraform just agreed to pay a $4.47 billion fine for their role in the UST collapse. 👀

Here's the breakdown: 💻👇

🔵 Ripple thinks their fine should be around $10 million, not the $2 billion the SEC wants. They say the SEC's proposed penalty is way out of line compared to other similar cases.

🔵 Ripple argues that Terraform's fine shows the SEC is being unreasonable. After all, Terraform is accused of fraud, while Ripple maintains #XRP sales weren't illegal.

🔵 There's still no word from the SEC.

What does this mean for XRP? 🤔

It's too early to say. This legal battle is still dragging on, 🐢 but this recent move could be a sign that Ripple is feeling confident. We'll have to wait and see how the judge reacts to their arguments.

Stay tuned, XRP fam! We'll keep you updated! DYOR! #altcoins #CPIAlert #TopCoinsJune2024 #CPIAlert