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Ripple releases latest statement: we look forward to working with SEC’s new leadership



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In the wake of the recent allegations against the firm by US SEC, Ripple issued a new statement today in which the firm called the SEC’s decision “an attack” on US crypto industry and said that the lawsuit affected countless innocent XRP retail holders. Especially those “who have no connection to Ripple,” the firm said.

Further, the team implied that the lawsuit was the reason behind why exchanges were delisting XRP 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 it would continue to operate and support all products and customers in the US and overseas. In their defense the firm 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 echoed its CEO’s message on the need for regulatory clarity. The statement also said that Ripple will continue to operate and support all products and customers in the U.S. and globally.

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 it was looking forward to working with all of the Commissioners and the SEC’s new leadership. Recently Commissioner Hester Peirce said that SEC appointed Elad Roisman as chairman.

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Alisha is a full-time journalist at AMBCrypto. Her interests lie in blockchain technology, crypto-crimes, and market developments in Africa and the United States

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.