Ripple, in response to the SEC's pursuit of nearly $2 billion in fines, proposed an alternative approach in a court filing on April 22. They suggested rejecting the SEC's demands and instead imposing a civil penalty not exceeding $10 million.

Stuart Alderoty, Ripple's Chief Legal Officer, stated on the X platform that the case lacked allegations of recklessness or fraud. He criticized the SEC's actions as part of a broader pattern of intimidation against the crypto industry in the US. Ripple CEO Brad Garlinghouse expressed concern about the long-term consequences of the agency's policies.

Ripple argued that the SEC's fine request demonstrated regulatory overreach and lacked legal basis. They claimed to have adapted their XRP sales method and contracts to comply with court mandates. Additionally, Ripple highlighted that the SEC's demand greatly exceeded penalties in similar cases.

Therefore, they contended that disgorgement was unwarranted, and requests for prejudgment interest should be rejected.