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

Bitstamp is the first major U.S.-based crypto exchange to respond to the SEC lawsuit against Ripple.

Bijgewerkt 14 sep 2021, 10:48 a..m.. Gepubliceerd 25 dec 2020, 4:40 p..m.. Vertaald door AI
Bitstamp CEO and founder Nejc Kodrič
Bitstamp CEO and founder Nejc Kodrič

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 against Ripple Labs, alleging XRP is a security.

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  • U.S. customers will be able to withdraw their XRP even after trading is halted, Bitstamp said.
  • Other countries are not affected, Bitstamp said.
  • Bitstamp is the first major cryptocurrency exchange to take action on XRP in response to the SEC's lawsuit against Ripple.

See also: An SEC Victory in Ripple Case Would Render XRP 'Untradeable,' Market Pros Say

Read our ongoing coverage of the SEC's case against Ripple and its impact on the industry.
Read our ongoing coverage of the SEC's case against Ripple and its impact on the industry.

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