Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit

Cryptocurrency exchange Bitstamp said itâs halting XRP trading and deposits for all U.S. customers on Jan. 8, 2021, because of the U.S. Securities and Exchange Commissionâs recent filing, alleging XRP is a security.

U.S. customers will be able to withdraw their XRP even after trading is halted, Bitstamp said.
Other countries are not affected, Bitstamp said.

Bitstamp is the first major cryptocurrency exchange to take action on XRP in response to the SEC's lawsuit against Ripple Labs.

This story is developing and will be updated. Read also: An SEC Victory in Ripple Case Would Render XRP âUntradeable,â Market Pros Say

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