SEC Seeks $770 Million From Ripple in Ongoing XRP Lawsuit, But Settlement Hinges on Key Rulings

The SEC wants $770 million from Ripple to settle the lawsuit, per the lawyer representing XRP holders.

The lawyer believes settlement depends on Coinbase's motion to dismiss being granted.

Ripple aims to lower the $770 million demand by excluding certain transactions.

The same judge denied the SEC's motion to appeal the ruling that XRP sales don't count as securities.

XRP recently spiked after the SEC dropped aiding and abetting charges against Ripple executives.