Cryptocurrency Q&A
When did XRP get banned?
When did XRP get banned?
Bianca
Sat Apr 26 2025
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7
answers
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There was no clear-cut ban on XRP, but Ripple, the company associated with XRP, faced legal troubles with the SEC. In August 2024, Ripple was fined $1.25 billion by a court for violating securities laws related to its XRP sales to institutional investors. However, the court did not ban XRP itself but imposed certain restrictions on Ripple's future conduct.
7 answers
Martina
Mon Apr 28 2025
Coinbase, one of the leading cryptocurrency exchanges globally, has announced that it will suspend trading in XRP. This decision comes as a direct response to the SEC's lawsuit against Ripple Labs. The exchange has cited the ongoing legal battle as the primary reason for this suspension.
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Lorenzo
Mon Apr 28 2025
The Securities and Exchange Commission's (SEC) recent move against Ripple Labs, Inc. has created ripples in the cryptocurrency world. The regulatory body has filed a lawsuit against the company, leading to significant changes in how some exchanges are handling XRP, Ripple's native cryptocurrency.
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ShintoBlessing
Sun Apr 27 2025
Amid this legal turmoil, other exchanges are also expected to review their policies regarding XRP. Some may follow Coinbase's lead and suspend trading, while others may take a wait-and-see approach. The outcome of the SEC's lawsuit will ultimately determine the fate of XRP and its trading on various exchanges.
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Giuseppe
Sun Apr 27 2025
BTCC, a top cryptocurrency exchange, offers a range of services to its users. These services include spot trading, futures trading, and a wallet for storing cryptocurrencies. With the recent developments in the XRP saga, BTCC may also be reviewing its policies regarding the cryptocurrency. However, as of now, it is unclear whether BTCC will suspend XRP trading or continue to offer it to its users.
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EthereumLegend
Sun Apr 27 2025
According to Coinbase, the trading of XRP pairs will be halted on Tuesday, January 19, 2021. The suspension will take effect at 10 AM Pacific Standard Time (PST). This move is expected to impact a significant number of traders and investors who rely on Coinbase for their cryptocurrency trading needs.
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