Crypto is a cryptocurrency exchange. Ripple Labs, the company behind the XRP token, has been accused by the Securities and Exchange Commission of fraud. Coinbase, OKCoin, and Bitfinex have suspended trading of XRP.
Does Ripple Still Exist?
In addition to its offices in San Francisco, New York, London, Sydney, India, Singapore, and Luxemburg, Ripple has offices in London, Singapore, and Sydney. As the creator and majority holder of digital currency XRP, the company has a significant value. There are 100 billion XRP tokens in circulation, and Ripple owns about 60 billion of them.
What Happened Ripple Trade?
As a result of the SEC case, Ripple is experiencing a blowback in the crypto ecosystem. From January 1, Coinbase will stop trading and depositing XRP (XRPUSD), the third largest cryptocurrency by market capitalization. 19, 2021.
Why Is Ripple Being Sued?
Ripple and two of its top executives were sued by the SEC in December for seven years of distributing XRP, which the agency said was illegal unregistered securities. XRP is being sued for being a security and preventing Ripple’s executives from participating in the market.
Is Xrp Lawsuit Over?
Is the XRP lawsuit pending s XRP Lawsuit Dismissed? Nope. The Nasdaq has confirmed that today’s press release is fake.
Is Ripple Still Available?
There is still a market for XRP in the U.S. Investors interested in the cryptocurrency are having a hard time buying it since the Ripple (CCC:XRP-USD) lawsuit is still pending. Due to the delisting of it from many crypto exchanges, it is no longer listed on those platforms. Even so, Ripple investors are not completely out of luck.