Tag: XRP

The U.S. Securities and Exchange Commission (SEC) confirmed a settlement with Bittrex Inc., a leading crypto trading platform, and its co-founder & ex-CEO, William Shihara, over allegations of operating without proper registrations. Bittrex Global GmbH, the international branch of Bittrex Inc., also settled charges for not registering as a securities exchange. While settling, Bittrex and Shihara haven't admitted or denied the SEC's claims.

The last days of 2020 saw the U.S. SEC complaint against Ripple Labs Inc. alleging that its XRP is actually a security. A regulatory attack on the entire crypto scene, some analysts argue. Once the 3rd-largest crypto, XRP's market cap plummeted from more than $26 billion to less than $10 billion. Some crypto exchanges such as Coinbase, OKCoin, or Crypto.com have suspended trading in XRP. Is it the end of days for XRP and the crypto bull-run?