Ripple responds to SEC lawsuit: will respond to unconfirmed allegations in the coming weeks and continue to operate and support all products and customers

According to Chain News, Ripple issued a statement in response to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), saying that it will respond within a few weeks to resolve the unconfirmed allegations. Ripple said, "We will defend ourselves in court to ultimately bring more clarity to the U.S. cryptocurrency industry. This action by the SEC is not only related to Ripple, but also an attack on the entire U.S. crypto industry, affecting countless XRP retail holders who have no connection with the company, and bringing more uncertainty to the market. Ripple will continue to operate and support all products and customers in the United States and around the world. Most of XRP's trading volume is traded outside the United States."

Chain News previously reported that since Ripple was sued by the U.S. Securities and Exchange Commission, several exchanges including Bitstamp, OSL, CrossTower, Beaxy, Coinbase and OKCoin have announced that they have stopped or will stop XRP trading, and the Bitwise 10 Crypto Index Fund of crypto asset management company Bitwise Asset Management has also liquidated its XRP positions.