“SEC inflicted 16 trillion won in damage to Ripple holders” …Ripple’s pleading claims

[블록미디어 강주현 기자] In a response to the revised complaint of the US Securities and Exchange Commission (SEC) submitted by Ripple Labs to the Southern District Court of New York on the 4th (local time), it claimed that “SEC inflicted 16 trillion won ($15 billion) worth of damage to Ripple holders.” did.

AMB Crypto, a media specialized in cryptocurrency, analyzed and reported the contents of Reflaps’ response, which covers 100 pages. According to AMB Crypto, Ripple Labs said in a reply, “SEC is sorting out winners and losers in the cryptocurrency industry, such as not regulating Bitcoin and Ethereum even under similar circumstances.” The company added, “Ripple is designed to be a better bitcoin, and Ripple Ledger is more secure because it is more decentralized.”

Ripple Labs complained of resentment, saying, “The SEC prosecution alone inflicted huge damage on Ripple holders, and the value of their holdings fell sharply, and caused market participants such as exchanges to stop trading Ripple. The company claimed that it suffered a loss of $15 billion, more than ten times more than the SEC claims to sell over $1.3 billion in unregistered securities.

Ripple Labs said, “The Ripple that the company has sold so far is less than 0.4% of the total transaction volume.” Ripple Labs concluded that it was overinterpreted, explicitly denying all charges filed by the SEC in the amended complaint.

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