Ripple:SEC’s allegations unproven; will response in weeks working with SEC’s new leadership

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The public and the press have only heard the story from the SEC, and we will be filing our statement in a couple of weeks to counter these unproven allegations against Ripple.

Following recent allegations against the US SEC company, Ripple today released a new statement calling the SEC decision “an attack” on the US crypto industry and alleging that the case had harmed countless innocent XRP retailers. Especially those “who don’t have a connection to Ripple,” the firm said.

In addition, the team argued that the litigation was the reason behind the delisting of the XRP exchanges and stated:

“The SEC has introduced more uncertainty into the market, actively harming the community they’re supposed to protect. It’s no surprise that some market participants are reacting conservatively as a result.”

Ripple said that it will continue to operate and support all goods and customers in the US and abroad. In their protection, the company said:

“For eight years, we’ve built products that help hundreds of customers solve pain points around global payments — we will defend our company and look forward to settling this matter in court to finally get clarity for the US crypto industry.”

The firm also reiterated its CEO’s message about the need for regulatory clarification. The statement also confirmed that Ripple will continue to operate and support all goods and consumers in the U.S. and internationally.

“The majority of our customers aren’t in the U.S. and overall XRP volume is largely traded outside of the U.S.  There are clear rules of the road for using XRP in the UK, Japan, Switzerland and Singapore, for example.”

Ripple said he was looking forwards to working with all the Commissioners and the new leadership of the SEC. Recently, Commissioner Hester Peirce said that SEC had named Elad Roisman as chairman.

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