The proposed settlement amount in the legal battle between Ripple and the SEC has been reduced from $2 billion to $102.6 million.

Ripple argued that the initial penalty was excessive, using a recent settlement with Terraform Labs as a benchmark.

The SEC highlighted differences in the cases, noting that Ripple has not agreed to relief measures like burning remaining tokens.

The decision for Ripple to accept the settlement is crucial, as it could impact XRP's legal status and market performance.

This revised offer from the SEC may signal a shift in their approach to cryptocurrency regulation.

The final settlement amount could set a precedent for future enforcement actions in the crypto industry.

The outcome of this legal battle will have significant implications for the relationship between the crypto industry and regulators.