While the U.S. Securities and Exchange Commission (SEC) filed a lawsuit for XRP (Ripple) as a security, the European cryptocurrency exchange Bitstamp announced that it will cease trading and depositing XRP for all U.S. clients from January 8, 2021.
In light of the SEC’s recent filing alleging XRP is a security, we are going to halt XRP trading and deposits for all US customers on January 8, 2021.Other countries are not affected. Read more: https://t.co/RUGtkAjr08
— Bitstamp (@Bitstamp) December 25, 2020
US customers will be able to withdraw XRP even after the transaction is suspended, Bitstamp said. Customers outside the United States are not affected by this measure.
Bitstamp is the first major cryptocurrency exchange to take action against XRP after the SEC filed against Reflap. It is noteworthy whether the suspension of XRP transactions will continue in other cryptocurrency exchanges.
As of 1 p.m. on the 26th of Coindesk, the XRP price was $0.317, down 3.39% from the previous day.
Reports and press releases should be sent to [email protected].