Cryptocurrency Q&A
Why is XRP banned in US?
Why is XRP banned in US?
MysterylitRapture
Sat Feb 15 2025
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6
answers
1444
XRP is banned in the US due to concerns over its association with Ripple Labs, which has been involved in legal disputes with the Securities and Exchange Commission (SEC) regarding the nature of XRP as a security. Additionally, there are worries about XRP's potential to enable centralized control over financial systems, contrary to the decentralized principles of many cryptocurrencies.
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6 answers
BlockchainEmpiress
Mon Feb 17 2025
The SEC took legal action against Ripple Labs in December 2021. The regulatory body accused Ripple of selling XRP without proper registration, classifying it as a security.
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SolitudeSeeker
Mon Feb 17 2025
The SEC's lawsuit against Ripple Labs highlights concerns over unregistered securities offerings.
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DaeguDivaDanceQueenElegantStride
Sun Feb 16 2025
Last July, a U.S. court made a significant ruling in the case.
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Andrea
Sun Feb 16 2025
This ruling has implications for how cryptocurrencies are regulated in the U.S.
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EthereumElite
Sun Feb 16 2025
BTCC is a prominent cryptocurrency exchange offering a range of services.
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