Plunge

Bitcoin

<p>“Coinbase, one of the world’s largest cryptocurrency exchanges, has announced that it will suspend XRP trading in response to the U.S. Securities and Exchange Commission (SEC) filing a lawsuit against Ripple. The SEC alleges that Ripple, the company behind the XRP token, conducted a $1.3 billion unregistered securities offering. The lawsuit also names Ripple CEO Brad Garlinghouse and co-founder Chris Larsen as defendants. Coinbase’s decision follows similar moves by other platforms including OKCoin, Bitstamp, and Binance.US. Despite the news, XRP’s price has seen a slight recovery, trading at around $0.22 at the time of writing.”</p>
<h2 id="key-points">Key Points</h2>
<ul>
 <li>Coinbase is suspending XRP trading due to a lawsuit filed by the SEC against Ripple.</li>
 <li>Other platforms including OKCoin, Bitstamp, and Binance.US have also taken similar actions.</li>
</ul>
<p>Coinbase, a leading cryptocurrency exchange, has decided to halt XRP trading. This decision comes in the wake of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple.</p>
<p>The SEC accuses Ripple, the firm responsible for the XRP token, of executing an unregistered securities offering worth $1.3 billion. Ripple CEO Brad Garlinghouse and co-founder Chris Larsen are also listed as defendants in the suit.</p>
<h2 id="other-exchanges-follow-suit">Other Exchanges Follow Suit</h2>
<p>Coinbase’s action mirrors those taken by other platforms, such as OKCoin, Bitstamp, and <a href="https://crypto.ro/en/exchange/binance/" rel="noopener noreferrer nofollow">Binance.US</a>. Despite these developments, the price of XRP has experienced a minor resurgence, trading at approximately $0.22 at the time of reporting.</p>

Bitcoin Stands Firm at $66,000 Amid Worldwide Stock Plunge

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