TL;DR
The legal battle continues with the resignation of SEC’s Chief of Crypto Asset and Cyber Unit, David Hirsh, as the trial phase progresses.
The regulator reduced its proposed fine from $2 billion to $102.6 million, while Ripple insists on a maximum of $10 million.
What’s New?
The longstanding legal battle between Ripple and the US Securities and Exchange Commission (SEC) continues to offer additional updates instead of an outcome. Most recently, the regulator lost its Chief of the Crypto Asset and Cyber Unit in the Division of Enforcement – David Hirsh – who resigned after spending almost a decade with the agency.
Some reports speculated that he would replace the SEC with pump.fun (a Solana-based marketplace that enables users to create and distribute their own tokens). However, Hirsh labeled the rumors “false.”
The resignation comes at a pivotal time since the lawsuit has already entered its trial phase. Both parties handed necessary data and abided by court rules
We współpracy z: https://cryptopotato.com/ripple-v-sec-lawsuit-update-june-20th-the-recent-important-developments/
