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Ripple: Will respond to SEC's unsubstantiated allegations within weeks

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Ripple executives finally couldn't sit still.

Rhythm BlockBeats news, on December 30, Ripple, the blockchain company sued by the SEC, issued a statement urging market participants to listen to a more comprehensive voice. respond.

As the impact of the indictment continues to expand, Ripple’s native token XRP has been Market makers and others announced the suspension of services, and the price of tokens plummeted. Ripple Labs finally responded to the market’s out-of-control sentiment on Tuesday, saying it would respond to the Securities and Exchange Commission’s charges against the company.

“The public and media have only heard the story from the SEC and we will be filing a response in a few weeks, to address these unsubstantiated allegations against Ripple.”

Some observers believe that Coinbase’s December 29 The decision to suspend XRP trading in January may sound the death knell for this digital asset, which may be one of the reasons why Ripple must respond as soon as possible.

In the meantime, Ripple will continue to operate and support all of its products outside the US. The statement explained: “Most of our customers are outside the US, and overall XRP volume is primarily traded outside of the US. There are clear rules for using XRP in places like the UK, Japan, Switzerland, and Singapore.”

Ripple CEO Brad Garlinghouse believes that no matter how the SEC chooses to classify XRP , his company will still be successful. This is because more than 90% of Ripple network users are abroad.