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Cryptoupdates

06/12 18:47

Pro-Ripple Lawyer Issues One-Word Verdict on $100

Pro-Ripple Lawyer Issues One-Word Verdict on $100 Million XRP Deal 

In a recent legal development, prominent pro-Ripple attorney Jeremy Hogan has provided a succinct assessment of the $100 million settlement offer from the U.S. Securities and Exchange Commission (SEC) to Ripple Labs.  Hogan's one-word verdict: *“Unacceptable.”* 

The SEC's proposed settlement pertains to Ripple's alleged violations of securities laws concerning the sale of XRP tokens.  While the offer aims to resolve the ongoing legal dispute, Hogan argues that the financial penalty is disproportionate and does not align with Ripple's contributions to the cryptocurrency industry. 

Hogan's stance reflects a broader sentiment within the Ripple community, where many view the SEC's actions as overreaching and detrimental to the growth of blockchain technology.  The proposed settlement has sparked discussions about the regulatory landscape for digital assets and the need for clearer guidelines to foster innovation while ensuring compliance. 

As the situation unfolds, stakeholders are closely monitoring developments, anticipating potential adjustments to the settlement terms that could better reflect the complexities of the case and the evolving nature of the cryptocurrency market.IMG_20250612_190203.jpg

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