XRP delisted on more platforms following SEC's Ripple complaint
The cryptocurrency exchanges Crypto.com, Coinbase, and OKCoin said this week that they were suspending trading of the XRP token following a Securities and Exchange Commission complaint against its developer, Ripple Labs.
XRP dropped 31% on Tuesday but had climbed back roughly 23% as of Thursday.
XRP, the coin, "is one foot in the grave," Phil Liu, the chief legal officer at Arca, told Business Insider. "Ripple, the company, may be insolvent by the end of 2021 if it can't raise money by selling XRP and its other products aren't profitable."
The SEC's lawsuit is against Ripple, not XRP. TechCrunch founder Michael Arrington said that "whatever happens to Ripple, XRP will continue to exist," because it's "independent of the company."
XRP delisted on more platforms following SEC's Ripple complaint
The cryptocurrency exchanges Crypto.com, Coinbase, and OKCoin said this week that they were suspending trading of the XRP token following a Securities and Exchange Commission complaint against its developer, Ripple Labs. XRP dropped 31% on Tuesday but had climbed back roughly 23% as of Thursday. XRP, the coin, "is one foot in the grave," Phil Liu, the chief legal officer at Arca, told Business Insider. "Ripple, the company, may be insolvent by the end of 2021 if it can't raise money by selling XRP and its other products aren't profitable." The SEC's lawsuit is against Ripple, not XRP. TechCrunch founder Michael Arrington said that "whatever happens to Ripple, XRP will continue to exist," because it's "independent of the company."