How Much Has the SEC Lawsuit Hurt XRP Investors?

The SEC has sued Ripple in recent months. It was revealed how much the lawsuit process hurt XRP investors.

How Much Has the SEC Lawsuit Hurt XRP Investors? The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in recent months, and the first hearing took place on February 22. At the trial, Ripple demanded the dismissal of the case, arguing that the SEC was wrong. However, the litigation process in question has worn Ripple investors considerably. So how much damage has the SEC case harmed XRP investors? Here are the details.. Ripple, responding to the SEC's complaint recently, shared the extent of the damage done to investors in the case. In this context, according to Ripple's statement, cryptocurrency investors have suffered an estimated loss of more than $ 15 billion due to the lawsuit filed by the SEC.   More than $ 15 Billion Damage to Investors The SEC, which filed a lawsuit against Ripple in the past months, claimed that Ripple and its CEO, Brad Garlinghouse, and co-founder Chris Larsen were selling $ 1.3 billion of unrecorded securities via XRP. In addition, the SEC pointed out that XRP has been a security since the day it was launched. After this lawsuit, there were many stock exchanges and market makers who ended their support for XRP and delisted the cryptocurrency from their platform. During the litigation period, the price of cryptocurrency fell sharply from $ 0.90 to $ 0.20. As such, the SEC case is seen as a fatal blow to the Ripple market. In many statements made by Ripple, it was underlined that this case basically harmed investors. Responding to the SEC's latest claims, the company explained the extent of the damage inflicted on investors. According to Ripple, the primary task of the SEC is to focus on investor protection. However, the SEC has damaged investors over $ 15 billion in the Ripple lawsuit. Ripple, on the other hand, made the following statements on the subject: “The disclosure of the complaint alone has harmed cryptocurrency investors. It significantly lowered the price of the assets they held. In addition, this lawsuit caused a large number of exchanges, market makers and other market participants to cease or terminate their XRP activities. The SEC claims that there has been an unrecorded sale of securities of over $ 1.3 billion since 2013 within the lawsuit. However, the SEC caused more than $ 15 billion in damage to those it claims to protect with this lawsuit.”