April 21st, 2025
SEC Crypto News - Page 110
OKCoin to Suspend XRP Trading and Deposit from January 4, 2021
By John K. Kumi
December 29th, 2020
According to the announcement, the XRP deposit and trading would be disabled on January 4, 2021, as the lawsuit proceedings are taking place.
XRP Crashes Below $0.25 as Coinbase Announces XRP Trading Suspension
By Bhushan Akolkar
December 29th, 2020
Some of the popular crypto exchanges have announced XRP trading suspension following the SEC lawsuit. This is seriously going to hurt XRP investors’ interest over a long period of time.
Bitstamp Suspends XRP Trading and Deposits for US Customers, XRP Price Tanks
By Bhushan Akolkar
December 26th, 2020
XRP price has crashed another 16% after the Bitstamp announcement as it slips below $0.30 today. While some of the Ripple partners have started distancing themselves from the company, a few XRP fans continue to offer strong support.
Ripple Partner MoneyGram Issues Statement After US SEC Files Lawsuit
By Bhushan Akolkar
December 24th, 2020
Earlier this month, Ripple sold $15 million of its MoneyGram stock while not giving any specific reason behind it.
Bitwise 10 Crypto Index Liquidates Its Position in XRP, OSL Suspends XRP Services
By Mercy Tukiya Mutanya
December 24th, 2020
Digital assets manager Bitwise has liquidated $9.3 million worth of XRP and reinvested in other assets. Hong Kong’s OSL has suspended the asset from its platform. This is done in response to SEC’s lawsuit against Ripple Inc.
US Presidential Advisory Group Insists on Regulation of Stablecoins
By James Lovett
December 24th, 2020
On Wednesday, President Trump’s Working Group on Financial Markets published a report regarding stablecoins retail payments perception amongst the public.
SEC Chairman Jay Clayton Sends His Resignation Letter
By Godfrey Benjamin
December 24th, 2020
The protection of the American investors was one of the top priority for Jay Clayton while he served as the Chairman of the SEC.
MoneyGram Takes Wait-and-See Approach on Ripple-SEC Lawsuit
By Steve Muchoki
December 23rd, 2020
The partnership between Ripple and MoneyGram has been described as symbiotic by most analysts. The latter has been experiencing difficulties in making profits and the XRP incentives have significantly helped it close the debt gap.
US SEC Sues Ripple for Selling XRP as Unregistered Securities, XRP Tanks Over 25%
By Bhushan Akolkar
December 23rd, 2020
The US SEC has accused Ripple of selling $1.3 billion worth of XRP as unregistered securities during its 2013 ICO. The Ripple lawyers say that the allegations are completely baseless and XRP is not an “investment contract”.
Robinhood CEO: SEC Charges ‘Don’t Reflect Robinhood Today’
By James Lovett
December 22nd, 2020
Last week, the SEC accused Robinhood of providing misleading information to its customers, which failed to disclose the revenue source of the trading app.
Coinbase Pre-IPO Tokens Listed on FTX Exchange More Than Double on Their Debut
By Steve Muchoki
December 22nd, 2020
Coinbase IPO success will be a huge success to the entire crypto industry, as other crypto firms are expected to follow suit.
MGI Stock Slightly Down, MoneyGram May Have Tepid Future Based on Its Market Performance
By Steve Muchoki
December 22nd, 2020
Menwhile, MoneyGram is facing several lawsuits in the United States that may damage its future growth prospects.
SEC to Sue Ripple, Brad Garlinghouse Reveals
By John K. Kumi
December 22nd, 2020
The US Securities and Exchange Commission (SEC) has been revealed to be on the verge of suing Ripple Labs for illegal sales of securities. This put them in the same bracket as companies that suffered a similar fate like Kik Interactive Inc.
Goldman Sachs to Lead Coinbase IPO
By Mercy Tukiya Mutanya
December 19th, 2020
Interestingly, Coinbase co-founder and board member Fred Ehrsam is a former trader at Goldman Sachs.
Bitcoin Mining Stocks Surge as BTC Price Moves Past $23,500
By Bhushan Akolkar
December 17th, 2020
Bitcoin mining stocks shined bright soon after the BTC price crossed $20,000 levels on Wednesday. Bitcoin has surged over 20% in the last 24 hours and has moved past $23,500 levels hitting a new all-time high.