Ripple's ongoing legal battle with the SEC has sparked market discussions as pro-XRP lawyer Bill Morgan highlights the regulator's "strange animus" towards Ripple. Morgan argues that the fine sought against Ripple starkly contrasts with those in other crypto cases, suggesting an unusual bias.

SEC's Unfair Approach

Ripple has once again brought attention to its ongoing conflict with the U.S. Securities and Exchange Commission (SEC). In its latest court filing, the company pointed to the penalties in the TerraForm Labs case to argue against what it sees as disproportionate demands from the SEC.

Ripple's Legal Battle

Ripple's legal team argued that the SEC's demands against it are overly punitive. The company, as well as Bill Morgan, noted that there were no fraud allegations in its case, and institutional buyers did not incur losses, making the hefty penalty sought by the SEC even more confusing.

SEC's Inconsistent Approach

Ripple's filing suggests that the SEC's approach in its case has been inconsistent compared to other similar cases. The company drew parallels with the TerraForm Labs settlement, where the SEC's penalty was significantly lower, despite more severe allegations.

Ripple's Latest Move

Ripple's latest move involves filing a notice of supplemental authority, citing the TerraForm Labs case to strengthen its position. This filing questions the rationale behind the SEC's excessive penalty request and suggests that the regulatory body might be treating Ripple with undue severity.

XRP Price Impact

Although the latest turn in the legal fight has caught many eyes in the crypto community, XRP struggled to show any positive momentum. As of writing, XRP price was down 1.4% and exchanged hands at $0.4799, while its trading volume slipped 16% to $1.05 billion.