XRP Price Risks Falling To $0.42 As SEC and Lawyers Challenges Ripple On Penalties & Injunction

The U.S. Securities and Exchange Commission responded to Ripple Labs’ supplemental authority in opposition to SEC’s remedies request. The SEC and ex-SEC lawyers challenged Ripple and claimed that settlements are not comparable in penalty size to litigated cases. The updates sparked debate on potential remedies and speculation of whether $XRP price to fall further.