Ripple Calls SEC ‘Raging’ In Heated Legal Battle Over Crypto Penalty
Summary
The legal battle between Ripple Labs and the SEC over XRP's classification and penalty has escalated. The SEC initially sought a $2 billion fine, later reduced to $102.6 million, which Ripple still rejects. The outcome will set a precedent for crypto regulations. Ripple's firm stance and Alderoty's critique of the SEC's approach indicate a potential protracted legal battle. The reduction in the SEC's penalty demand suggests room for compromise, but both parties remain in conflict.
