Japan Rallies Behind XRP as Ripple Faces US Litigation

[Btceth01]

I’m not selling,” Makoto, a Japanese entrepreneur and XRP investor, told CoinDesk.

Makoto first bought the digital token XRP in 2017, a year after its issuer, San Francisco-based Ripple Labs, launched a joint venture with one of Japan’s most respected financial services institutions, SBI Holdings Inc.

Soon after, the popularity of XRP soared in Japan.

“XRP was probably the single most popular token or cryptocurrency in Japan. It was also backed by SBI. It invested in Ripple,” Mike Kayamori, founder and chief executive officer of crypto trading platform Liquid Global, told CoinDesk.
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[Fenix]

The above text shows that Ripple is not receiving support from Japan, but only from some of its influential business structures, which is also not bad. First of all, it should be borne in mind that the SEC filed a lawsuit not about the illegality of the issue or circulation of this coin, but about specific abuses of the leaders of this company during their unregistered sale. Therefore, nothing threatens the circulation of the ripple cryptocurrency.