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

Cryptocurrency exchange Bitstamp said it’s halting XRP trading and deposits for all U.S. customers on Jan. 8, 2021, because of the U.S. Securities and Exchange Commission’s 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 U.S.-based cryptocurrency exchange to take action against XRP (+18.5%) in response to the SEC’s lawsuit.
• This story is developing and will be updated.