Cryptocurrency Q&A
Why was XRP banned?
Why was XRP banned?
Federico
Sun May 12 2024
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6 answers
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Could you please explain the rationale behind the ban on XRP? It seems to be a rather unexpected move given its popularity and the established role it plays in the cryptocurrency ecosystem. Was it due to regulatory concerns? Or perhaps some technical issues that necessitated such a drastic measure? I'm really curious to understand the reasons behind this decision and how it might impact the broader cryptocurrency market.
6 answers
Enrico
Tue May 14 2024
The SEC accused Ripple of illegally raising over $1.3 billion.
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EthereumEagleGuard
Tue May 14 2024
This alleged illegal activity involved an unregistered securities offering.
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DigitalLord
Tue May 14 2024
In 2020, the SEC initiated legal action against Ripple.
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DongdaemunTrend
Tue May 14 2024
The offering involved the sale of XRP, Ripple's native cryptocurrency.
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Eleonora
Tue May 14 2024
The lawsuit also named Ripple's CEO, Brad Garlinghouse, and co-founder, Chris Larsen, as defendants.
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