[Ripple Chief Legal Officer: Evaluating whether to file a counterclaim against the US SEC] On October 3, Ripple Chief Legal Officer Stuart Alderoty posted on social media that the US Securities and Exchange Commission (SEC)'s decision to appeal was disappointing, but not surprising. It is just delaying a situation that has already been thoroughly embarrassing for the agency. The court has rejected the SEC's suggestion that Ripple was reckless. There are no allegations of fraud in the case, and of course there are no victims or losses. The US SEC, under the leadership of current Chairman Gary Gensler, has not faithfully enforced the law, but has continued to launch a litigation war against the crypto industry. We are evaluating whether to file a counterclaim. In any case, the SEC's lawsuit was irrational and misleading from the beginning, and we are ready to prove it again in the Court of Appeal (once again leading the industry).