Iron response proteins (IRPs) are involved in regulating iron levels in the cell through translational regulation. Which of the following statements regarding IRP regulation is untrue?

A) IRP binds to iron
B) Ferritin is produced when there is too much iron in the cell
C) IRP binding prevents transferrin translation
D) Transferrin is produced when there is too little iron in the cell
E) IRP binds to 3' and 5' UTRs