Ripple's lead lawyer says SEC dropped its $2B claim

Ripple CLO Stuart Alderoty reported this in an X post, emphasizing that the regulator dropped its "absurd" $2 billion demand

On March 22, the SEC requested a fine for the unregistered sale of $XRP to institutional investors. The fine consists of a civil penalty of $876.3 million and an identical disgorgement of $876.3 million + $198.15 million in interest

According to the assessment of Ripple's CEO, the court may issue a verdict by the end of summer 2024

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