Ripple's chief legal officer, Stuart Alderoty, has responded to the recent filing by the U.S. Securities and Exchange Commission (SEC), accusing the agency of being overly aggressive. Alderoty argues that there are no victims to compensate and that Ripple is "thriving." He also claims that the SEC has dropped its demand for $2 billion in fines and penalties.

Alderoty's response comes after Ripple referenced the Terraform case in a notice of supplemental authority to its opposition to the SEC's motion for remedies and entry of final judgment. Terraform Labs agreed to pay $4.47 billion to settle the SEC lawsuit, but Ripple argues that the comparison is not valid since Terraform Labs is in bankruptcy and has agreed to destroy the keys to all of its crypto asset securities.

Ripple maintains that it has not been accused of fraud and that the SEC's demands are unreasonable and unprecedented. The company has argued that its civil penalty should be capped at $10 million, a fraction of the original sum requested by the SEC. However, the SEC argues that such a low penalty "would not satisfy the purposes of the civil penalty statutes."

The SEC's recent filing highlights the agency's commitment to holding companies accountable for securities violations. However, Ripple's legal chief believes that the agency is being overly aggressive and that the comparison with Terraform Labs is not valid. As the legal battle between Ripple and the SEC continues, it remains to be seen how the court will rule on the matter.

In conclusion, the legal dispute between Ripple and the SEC is ongoing, with both sides presenting their arguments. Ripple's legal chief has accused the SEC of being "raging" and argued that the agency's demands are unreasonable and unprecedented. The outcome of this case will have significant implications for the cryptocurrency industry and the regulation of securities violations.