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May 24, 2022
Finance Technologies

Crypto platforms drop support for XRP amid SEC’s Ripple lawsuit

A growing list of crypto platforms are rescinding support for XRP as Ripple prepares for a legal battle with the US Securities and Exchange Commission (SEC). The SEC announced an official complaint that Ripple sold unregistered securities to investors in the form of XRP. The Daily Hodl refers to a list complied by XRP analyst, Leonidas Hadjiloizou, which consists of companies that have changed their policies surrounding XRP in response to allegations that the asset may be an unregistered security. The lawsuit notes that XRP is a security because Ripple “has sole control over the purported cryptocurrency’s nodes and is…
Crypto platforms drop support for XRP amid SEC’s Ripple lawsuit

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