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Article • about 1 year ago

SEC Demands $770 Million to Settle Lawsuit Against Ripple Labs, Says XRP Holders' Representative

SEC Demands $770 Million to Settle Lawsuit Against Ripple Labs, Says XRP Holders' Representative
Summary
  • The SEC is seeking $770 million to settle its lawsuit with Ripple Labs.
  • Ripple is trying to lower the settlement amount by excluding specific transactions and reducing expenses.
  • The outcome of Coinbase's motion to dismiss could influence the settlement negotiations, and Ripple may fight to decrease the demanded amount, potentially succeeding in doing so.

Source: https://dailyhodl.com/2023/10/26/770000000-worth-of-flesh-legal-representative-for-xrp-holders-says-sec-wants-millions-to-settle-lawsuit/

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