The dispute between the US Securities and Exchange Commission (SEC) and Ripple Labs over whether XRP should be considered a security is a situation that will have consequences for the entire industry. 😅 SEC's Crypto Asset and Cyber ​​Unit Chief David Hirsh announced his resignation on LinkedIn. This happened days after the SEC's requested penalty was reduced from $2 billion to $102.6 million. 😮 Ripple's legal team requested a maximum penalty of $10 million. Ripple CEO Brad Garlinghouse is also dealing with another lawsuit in California. This situation is related to some statements he made years ago. Ripple's chief legal officer stated that all claims alleging that Ripple violated federal securities laws are denied. Garlinghouse also reiterated that this was a great victory for the company and that he stood by his statements in 2017. 🎉 How do you think this situation affects the cryptocurrency market? We are waiting your comments!#Ripple#SEC #Cryptocurrency