The legal battle between Ripple and the SEC continues to unfold with significant updates as of June 24. Recently, David Hirsh, Chief of the SEC's Crypto Asset and Cyber Unit, resigned. Concurrently, the SEC reduced its demanded penalty from $2 billion to $102.6 million in response to Ripple's request for a lowered penalty. Ripple's CEO, Brad Garlinghouse, also faces another lawsuit in California, with most allegations dismissed but one remaining state law claim proceeding to trial. These developments highlight the ongoing complexities of Ripple’s legal challenges.
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