Ripple Cites Terraform Labs Settlement to Urge Reduction of SEC Penalty in XRP Case

Ripple is leveraging the recent Terraform Labs settlement to aim for a reduction in their own penalties imposed by the Securities and Exchange Commission (SEC). The settlement with Terraform Labs amounted to over $4.4 billion following accusations of fraudulently misleading investors, leading to a significant financial collapse. Ripple’s legal team highlights that the civil penalty