XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

This week the Securities and Exchange Commission filed charges against Ripple for operating a unregistered securities offering. They also issued a statement on the custody of digital asset securities by broker-dealers. These actions are two sides of the same coin.

SEC Files Action Against Ripple And Two Senior Executives; SEC Issues Comment For Digital-Asset Securities Custody By Special Purpose Broker-Dealers

Ripple general counsel Stu Alderoty says there is a single legal question at the center of the charges the U.S. Securities and Exchange Commission (SEC) has filed against the San Francisco payments company. Earlier this week, the SEC officially filed a lawsuit alleging that XRP was an unregistered security upon its launch and remains a […] The post Ripple Lawyer Says There's One Legal Question at Center of XRP Lawsuit appeared first on The Daily Hodl.

Ripple Lawyer Says There's One Legal Question at Center of XRP Lawsuit

Bitcoin

The price of bitcoin and a myriad of digital currencies have seen some significant gains on Christmas day. Bitcoin touched another all-time price high at $24,662 per coin, while many other crypto assets rebounded from the previous day's slump. On December 25, 2020, bitcoin (BTC) touched an all-time high (ATH) at $24,662 per coin after […] The post Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers appeared first on Bitcoin News.

Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers

Cryptocurrency exchange Bitstamp said it's halting XRP trading and deposits for all U.S. customers on Jan. 8, 2021, because of the U.S. Securities and Exchange Commission's recent filing, alleging XRP is a security. This story is developing and will be updated.

Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit

Bitstamp will begin halting trading and deposits for XRP, the cryptocurrency exchange announced on Friday. “In light of the SEC's recent filing alleging XRP is a security, we are going to halt XRP trading and deposits for all US customers on January 8, 2021,” the exchange tweeted. In a blog post, Bitstamp stated that it […] The post Bitstamp to halt trading of XRP appeared first on The Block.

Bitstamp to halt trading of XRP

One of the world's biggest remittance companies issued a statement addressing the recent turmoil between Ripple and the U.S. Securities and Exchange Commission (SEC) due to a lawsuit filed by the regulator against the crypto company. Moneygram Distances Itself From Ripple in the Midst of the US SEC Lawsuit According to the official statement, Moneygram […] The post Moneygram Distances Itself From the Ripple Turmoil With the US SEC appeared first on Bitcoin News.

Moneygram Distances Itself From the Ripple Turmoil With the US SEC

The price of XRP is rising amid news that Elad Roisman will take over as Chairman of the U.S. Securities and Exchange Comission. Commissioner Hester Peirce broke the announcement on Christmas Eve via Twitter. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC. — Hester Peirce (@HesterPeirce) December 24, 2020 Roisman is […] The post XRP Price Rises 24% After New Acting Chairman Named at SEC appeared first on The Daily Hodl.

XRP Price Rises 24% After New Acting Chairman Named at SEC

With XRP's sell-off, bitcoin's dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.

Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles

The cross border payments company says it isn't aware of any impact to its commercial agreement with Ripple.

MoneyGram Issues Statement on SEC Action Against Ripple

Over $1.5 billion in XRP futures have been liquidated since the start of November.

XRP Liquidations Soar as SEC Lawsuit, Token Airdrop Whipsaw Markets

The alt coin industry is seeing a mass downward trend after the SEC's announced action against Ripple, but some coins are still rising.

Crypto's Altcoin Prices Collapse After SEC Sues Ripple over XRP

Ripple and R3 were previously embroiled in litigation over an agreement that gave R3 the right to purchase XRP.

SEC Papers Show Settlement Between Ripple and R3 Was Over $240 Million

Crypto analyst Michaël van de Poppe is assessing XRP's price action in the aftermath of the U.S. Securities and Exchange Commission's actions against the payments company Ripple. Since the SEC filed its lawsuit alleging Ripple has sold unregistered securities, XRP has dropped dramatically. With the overall crypto market witnessing a 6% correction in the last […] The post What's Next for XRP? Top Crypto Strategist Michaël van de Poppe Analyzes Rapid Drop in Price appeared first on The Daily Hodl.

What's Next for XRP? Top Crypto Strategist Michaël van de Poppe Analyzes Rapid Drop in Price

The price of XRP has been in a tailspin since news broke that the Securities and Exchange Commission would sue Ripple for conducting an initial coin offering of the digital asset.  In the wake of the suit, which Ripple has described as an affront to the entire cryptocurrency market, a number of firms have begun […] The post Former SEC Commissioner says Ripple lawsuit will cause ‘multi-billion dollar losses to innocent third parties' appeared first on The Block.

Former SEC Commissioner says Ripple lawsuit will cause ‘multi-billion dollar losses to innocent third parties'

Simplex's partners are no longer accepting $XRP transactions with the Simplex integration. The post Simplex bars XRP transactions in wake of SEC's Ripple lawsuit appeared first on The Block.

Simplex bars XRP transactions in wake of SEC's Ripple lawsuit

Lawyers in the cryptocurrency industry are responding to charges filed by the U.S. Securities and Exchange Commission against the San Francisco payments company Ripple. Compound lawyer Jake Chervinsky says the suit shows that the U.S. Securities and Exchange Commission is playing hardball in its assertion that Ripple illegally sold XRP as an unregistered security. “This is […] The post Crypto Lawyers Analyze Series of Ripple and XRP Allegations From U.S. Securities and Exchange Commission appeared first on The Daily Hodl.

Crypto Lawyers Analyze Series of Ripple and XRP Allegations From U.S. Securities and Exchange Commission

XRP's price is suffering after an SEC lawsuit throws the future of the coin into uncertainty.

XRP's Price Dips to $0.26 in Sudden Crash Following SEC Lawsuit

News reports say the two firms are no longer dealing with XRP, the currency associated with Ripple.

Galaxy Digital and Jump Trading Cut Ties With XRP: Reports

Sources tell The Block that Jump Trading and Galaxy Digital will stop making XRP markets in the wake of the SEC's lawsuit against Ripple. The post Two of the largest trading desks in crypto have alerted clients that they will no longer make markets in XRP appeared first on The Block.

Two of the largest trading desks in crypto have alerted clients that they will no longer make markets in XRP

Ripple is offering its initial response to a lawsuit from the U.S. Securities and Exchange Commission alleging the company has illegally sold XRP as an unregistered security for years. In a new blog post, CEO Brad Garlinghouse has released a statement from Ripple lawyer and former SEC enforcement Director Andrew Ceresney. “The SEC is completely […] The post Ripple Says SEC Is ‘Wrong on the Facts and the Law' in Response to XRP Lawsuit appeared first on The Daily Hodl.

Ripple Says SEC Is ‘Wrong on the Facts and the Law' in Response to XRP Lawsuit

Bitcoin's market dominance is on the up. XRP's is crashing—because of its recent legal troubles.

While XRP's Market Dominance Crashes, Bitcoin's Surges

Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.

Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple

Nearly 4% of the fund was invested in XRP. Due to the announcement that the SEC is suing Ripple, the fund has sold all of its XRP.

Bitwise Liquidates All XRP in Its Fund Over SEC Lawsuit

Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin's dominance index has risen […] The post XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed appeared first on Bitcoin News.

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Crypto asset manager Bitwise has liquidated the XRP position of its crypto index fund. The post Bitwise's crypto index fund says it has liquidated its XRP position appeared first on The Block.

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