The SEC has sued Ripple over unregistered security claims. In response to the legal uncertainty, Kraken pulled XRP listings, and Coinbase also suspended XRP trading.
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Updated oct 10
The latest in this situation
How it started
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What happened
The SEC has sued Ripple over unregistered security claims. In response to the legal uncertainty, Kraken pulled XRP listings, and Coinbase also suspended XRP trading.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Ripple won a legal battle against the SEC, impacting crypto market sentiment.1 source
SEC actions have caused the XRP-Bitcoin correlation to break.1 source
- AVAX surged 50%, outpacing Bitcoin's gains, while XRP gained 22% amidst an unconfirmed ICE decision introducing market uncertainty.Sub-event
XRP price boosted by market expectations and Coinbase's relisting.1 source
- Analisa Torres ruled that XRP sold on exchanges was not a security, concurrent with Gensler's exit and market rallies driven by political events.Sub-event
SEC sues Ripple; Kraken and Coinbase pull XRP listings amid legal uncertainty.1 source
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The entities involved
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Ripple
creator and a developer of the Ripple payment protocol and exchange network.
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SEC
Slovak company
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Kraken
cryptocurrency exchange
Nothing else this week.
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Bitcoin
digital cash system and associated currency