Ripple has released a statement that it will continue to operate and support all its products and clients in and out of the United States even as the negative effects of the recent SEC lawsuits bites hard at its crypto XRP.
According to the statement, the largest chunk of Ripple’s customers is outside the US, where XRP are accepted and traded without any stiff governmental interference.
“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,” the report read.
Bitcoin sets new all-time high of $28,352.63 on Tuesday. The current price of bitcoin is $27,951.38, climbing by 3.91% in the last 24 hours. Bitcoin has a current market cap of $519.47B and market volume of $42.87B. In the last 24 hours, bitcoin has dropped to $26,226.70 and experienced a 24 hours high of $28,579.59. Currently, 18,585,475 bitcoins are in circulation.
Stats and Image from Coin Desk
The statement further state that the recent lawsuit filed against Ripple is an attack on the entire crypto industry by the US government that has affected countless innocent XRP retail holders.
“It has also needlessly muddied the waters for exchanges, market makers and traders. The SEC has introduced more uncertainty into the market, actively harming the community they’re supposed to protect,” the report added.
Ripple said that it would be responding in a few weeks to the ” unproven allegations” against it by the Security Exchange Commission.