In it’s Q4 and full year financial results released today MoneyGram International revealed that it has suspended trading in XRP due to uncertainty over the Securities and Exchange Commission’s lawsuit. The agency has said XRP is an unregistered security illegally sold by Ripple over the past eight years.
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Rippe CEO Brad Garlinghouse says he's spoiling for a fight with the SEC, but a filing suggests the company might pay to make it go away (Photo: Leo Jakobson)Ripple angling to settle SEC lawsuit?
Charged with selling XRP as an illegally unregistered security, the international payments firm has been pugnacious but said it was open to settling in a filing released Monday
Previous discussions took place under former SEC chair Jay Cayton and his top lieutenants, whereas the new acting SEC chairman, Gary Gensler, has a more positive outlook, as well as a much deeper understanding of cryptocurrencies and the underlying blockchain technology. Gensler spent the last few years teaching cryptocurrency and blockchain at MIT, and has been a fixture at industry events.
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Between Tether, DeFi, and the SEC, Ripple's standing in crypto's top five is in jeopardy (Photo: Pixabay)Is XRP in danger of falling out of the top five cryptocurrencies?
XRP and Cardano’s market caps are now neck and neck, and the embattled altcoin could be demoted further if its market cap is overtaken by another token embraced by decentralized finance, Polkadot
Just a few short months ago, XRP’s market cap meant that its position in the top three cryptocurrencies was secure. Unfortunately, a confluence of factors has plunged the altcoin’s standing into peril.
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XRP pump draws in thousands, and victims lose millions
Some crypto enthusiasts are coming to terms with sizeable losses after XRP plummeted at a time when it was meant to surge
In the darkest corners of Crypto Twitter, on the r/WallStreetBets Reddit page, across a myriad of Telegram chats and in Discord messaging rooms, thousands of inexperienced investors were being sold a promise: buy at this time and riches will follow.
