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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.
Updated Sep 14, 2021, 10:48 a.m. Published Dec 25, 2020, 4:40 p.m.
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.
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. Other countries are not affected. Read more: https://t.co/RUGtkAjr08
— Bitstamp (@Bitstamp) December 25, 2020
- 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
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