Stellar $0.27772 Founder Jed McCaleb responded to criticism of XRP’s early sales and past platform activities. McCaleb made statements with the emphasis on transparency after the charges against social media users. US Securities and Stock Exchange Commission (SEC) Ripple 
$2.39He said he started sales of XRP long before the case he filed. In addition, he said he informed the community in the sales process.
McCaleb: “I did not do my sales to damage the community”
Stellar founder Jed McCaleb responded to the charges of “damaging the community yüksek directed to him through social media. Some users claimed that McCaleb has taken conscious steps to avoid regulatory inspections. In particular, an X user called “Cryptinsight” questioned McCaleb’s sales strategies after Bloomberg’s news. Another user claimed that Jim Knox aims to directly damage the XRP community.
McCaleb rejected these criticisms. XRP said that it did not make its sales in order to damage the community. He said that sales started long before SEC filed a lawsuit against Ripple and carried out transparently. He also stressed that the community was given information throughout the process. He said his goal was to prevent market manipulation.
According to McCaleb, sales were planned and announced to investors. These statements were considered as the defense that past activities were misunderstood. However, some analysts are still hesitant about the credibility of these explanations. The XRP debate and the proceedings, which have long been for a long time, continue to cause confidence problems within the community.
Effects on the XRP case and the market
Jed McCaleb reiterated XRP sales that SEC started before the case against Ripple. Emphasizing this detail, McCaleb said that sales decisions are independent of legal processes. He also said that his sales transactions on the MT.Gox platform took place many years before the platform hacked. These statements brought some of the past criticisms to the agenda.
The case against Ripple had a wide repercussion in the crypto currency market. However, the latest developments have led to interpretations that the regulatory prints against the XRP could alleviate. Some market observers think that the new regulatory attitude can have positive effects on XRP prices.
McCaleb’s statements may not directly coincide with investors’ expectations. Because the XRP community has long been cautious about McCaleb’s sales. His high -volume transactions in the past years, especially during price fluctuations had attracted reaction. For this reason, the latest statements have not eliminated all the doubts.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
