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.
10 reports, 6 independent
Updated Sep 16
Gone quiet
- Reports
- 10
- Developments
- 4
- Repetition
- 80%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
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.- 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
Keep exploring
The entities involved
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Ripple
creator and a developer of the Ripple payment protocol and exchange network.
Nothing else this week.
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SEC
Slovak company
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Kraken
cryptocurrency exchange
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Bitcoin
digital cash system and associated currency
Related events
- New crypto legislation affects Ripple's business model, with candidates in Kentucky and Alabama influencing XRP's market trajectory.
- SEC initiated costly investigations into crypto products amid regulatory scrutiny following the FTX collapse.
- The SEC has classified XRP as a qualifying digital commodity, alongside demands for broker access regarding Montréal Exchange trading.
- Ripple is seeking favorable legislative outcomes regarding cryptocurrency from the U.S. Congress.
- The CLARITY Act has advanced, clearing the Senate Banking Committee while competing in the digital asset market.