Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Ripple (XRP)

Ripple Vows to Respond To SEC Attack Amid XRP Delisting Spree

Tobi Loba December 29, 2020 3 min read
Credible Crypto Says XRP Is Poised to Top and Outperform Bitcoin; Sets New Price Target

In a statement recently released, Ripple, the San Francisco-based payment firm, vowed to respond to the attack set in motion by U.S. SEC a couple of days ago. In the public statement, the firm urged the market participants to hear its side of the story as the case advances.

According to the statement, SEC is only using Ripple as a means to attack the whole cryptocurrency industry in the United States, adding that the payment firm has sought regulatory clarity on crypto-assets without success.


trade now

Read Also: A New Pro-Crypto SEC Chairman Appointed. Would This Favor Ripple and XRP?

Ripple’s statement reads in part as follows:

“The public and press have only heard the story from the SEC’s side, and we’ll be filing our response in a few weeks to address these unproven allegations against Ripple.

“The SEC’s decision to file this action is not just about Ripple, it is an attack on the entire crypto industry here in the United States. We’ve always said that there is a dangerous lack of regulatory clarity for crypto in the U.S. — their lawsuit has already affected countless innocent XRP retail holders with no connection to Ripple.”

Most of Ripple’s Customers Are Not in the United States

This regulatory tussle has prompted several exchanges to delist XRP in order to avoid regulatory backlash. This alone is currently bringing down the XRP markets.

In the release, Ripple says the lawsuit “has already affected countless innocent XRP retail holders with no connection to Ripple.”

Read Also: Mexican Fintech Lawyer Analyzes SEC’s Major Point against XRP and Why It Is Unnecessary

For now, the payment firm will continue to operate and support all its products outside the United States:

“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.”

Recall that the CEO of Ripple, Brad Garlinghouse, once said that the firm will still succeed even if SEC eventually classifies XRP as a security. His optimism is based on the percentage of the firm’s customers outside the U.S.

Ripple Vows to Respond to the Attack

In the public statement, Ripple says its products have been serving as global payment solutions for the past eight years:

“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 U.S. crypto industry.”

Read Also: SBI Holdings: XRP Is Always a Crypto Asset in Japan, Not a Security

However, Ripple showcased its readiness to work with all of the SEC Commissioners and its new leadership, once appointed.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Stern XRP Investor Moved a Huge Part of His XRP Holdings into Cardano (ADA)
Next: First Court Date for the Case between U.S. SEC and Ripple Has Been Set

Related Stories

User Acquires 850 Billion SHIB Ahead Of Shibarium Beta Launch
2 min read
  • Blockchain
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • News
  • On-chain Data & Analysis
  • Ripple (XRP)
  • Shiba Inu (SHIB)

User Acquires 850 Billion SHIB Ahead Of Shibarium Beta Launch

January 27, 2023
RippleX Reveals Selected Parties For $2.6 Million XRPL Grant 
2 min read
  • Blockchain
  • Cryptocurrency
  • News
  • NFT (Non-fungible token)
  • Ripple (XRP)

RippleX Reveals Selected Parties For $2.6 Million XRPL Grant 

January 24, 2023
Ripple Dominates Australian Crypto Space Despite Ongoing Lawsuit Against US SEC
3 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation
  • Ripple (XRP)

Ripple Dominates Australian Crypto Space Despite Ongoing Lawsuit Against US SEC

January 18, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,459.00
2.16%
ethereum
Ethereum (ETH)
$1,609.88
1.71%
tether
Tether (USDT)
$1.00
0.43%
usd-coin
USD Coin (USDC)
$1.00
0.10%
binancecoin
BNB (BNB)
$315.74
2.96%
ripple
XRP (XRP)
$0.414279
0.80%
binance-usd
Binance USD (BUSD)
$1.00
0.05%
cardano
Cardano (ADA)
$0.390809
1.38%
dogecoin
Dogecoin (DOGE)
$0.090164
0.73%
polkadot
Polkadot (DOT)
$6.60
1.87%

Recent Posts

  • Wylie Aronow Co-Founder Yuga Labs Seeks Medical Leave Citing Health Complication
  • Amazon Set to Launch New NFT Initiative on Its Platform
  • CFTC Wants More Jurisdiction Over the Crypto Space; Here’s What the Commission Has Been Up to
  • Aave Protocol Announces Launch of New Version, Aave V3
  • Korean Authorities Order The Arrest Of Bithumb Crypto Exchange Owner
  • New Collaboration Will Allow Content Platforms To Accept Micropayments In BTC
  • Azuki Twitter Account Targeted, Hacker Drains $700K Within Minutes
  • MetisDAO Foundation Believes Smart Contracts Will Power Web3 Firms’ Daily Operations
  • Genesis Drags Roger Ver To Court Over $20M Unsettled Crypto Options Trades
  • We Haven’t Issued Any Operational License To Any Crypto Service Provider – UAE’s VARA
  • The New FTX CEO Plans To Restart The Failed Crypto Exchange
  • British Policymakers Can’t Agree On Whether To Ban The Sale Of Crypto Investment Products 
  • User Acquires 850 Billion SHIB Ahead Of Shibarium Beta Launch
  • A Hacker Promote Scam Token On Robinhood Social Media, Binance Froze the Wallet
  • Moonbirds Creator Loses NFTs Worth Over $1.1M

Categories

You may have missed

Wylie Aronow Co-Founder Yuga Labs Seeks Medical Leave Citing Health Complication
2 min read
  • Cryptocurrency
  • News
  • NFT (Non-fungible token)
  • Technology

Wylie Aronow Co-Founder Yuga Labs Seeks Medical Leave Citing Health Complication

January 29, 2023
Amazon Set to Launch New NFT Initiative on Its Platform
2 min read
  • (GameFi) Gaming and Decentralized Finance
  • Cryptocurrency
  • News
  • NFT (Non-fungible token)
  • Regulation
  • Technology

Amazon Set to Launch New NFT Initiative on Its Platform

January 29, 2023
CFTC Wants More Jurisdiction Over the Crypto Space; Here’s What the Commission Has Been Up to
3 min read
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • News
  • Regulation

CFTC Wants More Jurisdiction Over the Crypto Space; Here’s What the Commission Has Been Up to

January 29, 2023
Aave Protocol Announces Launch of New Version, Aave V3
2 min read
  • Aave (AAVE)
  • Blockchain
  • Crypto Staking
  • Crypto Trading
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • Ethereum (ETH)
  • News

Aave Protocol Announces Launch of New Version, Aave V3

January 28, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%