Ripple is about to respond to the SEC’s proposed remediation plan, possibly challenging the SEC’s request for a fine

According to U.Today, in the legal war between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple is preparing to make a key response to the SEC’s remediation plan in the next 24 hours, that is, on April 22. The SEC’s remediation package proposes penalties against Ripple, including clawback of profits from XRP sales and civil penalties.

The SEC is demanding that Ripple pay an estimated $2 billion in fines, accusing it of violating securities laws through unregistered institutional sales of XRP. Market observers expect that Ripple will vigorously oppose the SEC’s remediation package and may use recent legal victories and regulatory developments to bolster its case. Ripple may challenge the SEC’s request for a fine and stress that the buyer suffered no financial losses, potentially undermining the SEC’s clawback request.