XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

News reports say the two firms are no longer dealing with XRP, the currency associated with Ripple.

Galaxy Digital and Jump Trading Cut Ties With XRP: Reports

Sources tell The Block that Jump Trading and Galaxy Digital will stop making XRP markets in the wake of the SEC's lawsuit against Ripple. The post Two of the largest trading desks in crypto have alerted clients that they will no longer make markets in XRP appeared first on The Block.

Two of the largest trading desks in crypto have alerted clients that they will no longer make markets in XRP

Ripple is offering its initial response to a lawsuit from the U.S. Securities and Exchange Commission alleging the company has illegally sold XRP as an unregistered security for years. In a new blog post, CEO Brad Garlinghouse has released a statement from Ripple lawyer and former SEC enforcement Director Andrew Ceresney. “The SEC is completely […] The post Ripple Says SEC Is ‘Wrong on the Facts and the Law' in Response to XRP Lawsuit appeared first on The Daily Hodl.

Ripple Says SEC Is ‘Wrong on the Facts and the Law' in Response to XRP Lawsuit

Bitcoin's market dominance is on the up. XRP's is crashing—because of its recent legal troubles.

While XRP's Market Dominance Crashes, Bitcoin's Surges

Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.

Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple

Nearly 4% of the fund was invested in XRP. Due to the announcement that the SEC is suing Ripple, the fund has sold all of its XRP.

Bitwise Liquidates All XRP in Its Fund Over SEC Lawsuit

Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin's dominance index has risen […] The post XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed appeared first on Bitcoin News.

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Crypto asset manager Bitwise has liquidated the XRP position of its crypto index fund. The post Bitwise's crypto index fund says it has liquidated its XRP position appeared first on The Block.

Bitwise's crypto index fund says it has liquidated its XRP position

The SEC's suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink's token have increased seven-fold this year, most among CoinDesk 20.

First Mover: XRP Plunges 20% as Traders Assess SEC's Ripple Suit

IOHK CEO Charles Hoskinson says that the U.S. Securities and Exchange Commission's (SEC) impending lawsuit against Ripple could have ramifications for the entire crypto industry. In a new YouTube video posted on his channel, Hoskinson explains his thinking. “The reason why this is a big deal for the industry as a whole is that it […] The post SEC's Ripple and XRP Lawsuit May Be Largest Regulatory Event in History of Crypto, Says Charles Hoskinson appeared first on The Daily Hodl.

SEC's Ripple and XRP Lawsuit May Be Largest Regulatory Event in History of Crypto, Says Charles Hoskinson

Ripple's XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token's plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked […] The post XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple appeared first on Bitcoin News.

XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple

The SEC's $1.3 billion lawsuit against Ripple has already caused some exchanges to put things on pause.

Three Exchanges Have Now Stopped Trading XRP

Hong Kong-based licensed crypto exchange OSL has suspended XRP trading until further notice. The post Hong Kong crypto exchange OSL suspends XRP trading until further notice appeared first on The Block.

Hong Kong crypto exchange OSL suspends XRP trading until further notice

The SEC is accusing Ripple of violating federal securities laws via sales of the XRP cryptocurrency to retail consumers.

Hong Kong Trading Platform OSL Suspends XRP Services as SEC Sues Ripple

Cryptocurrency XRP tumbled 18% to a one-month low on Wednesday after the U.S. Securities and Exchange Commission (SEC) charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering.

Cryptocurrency XRP drops 18% after U.S. SEC charges Ripple over offering

"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.

MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple

The SEC has officially filed its lawsuit against the San Francisco-based payments company Ripple. The suit alleges that XRP was an unregistered security upon its launch and remains a security to this day. It also names Ripple chief executive officer Brad Garlinghouse and co-founder Chris Larsen in their individual capacity. “From at least 2013 through […] The post SEC Officially Files Suit Against Ripple, Alleges XRP Is a Security to This Day appeared first on The Daily Hodl.

SEC Officially Files Suit Against Ripple, Alleges XRP Is a Security to This Day

The price of Ripple's XRP, the world's third-largest cryptocurrency, has tumbled more than 10% in the past 24 hours.

SEC Charges Ripple With Selling $1.3 Billion In Unregistered Securities, XRP Loses $2 Billion In Market Value

The U.S. Securities and Exchange Commission (SEC) on Tuesday said it filed an action against Ripple, the blockchain payments company associated with the cryptocurrency XRP, charging it with conducting a $1.3 billion unregistered securities offering.

U.S. SEC charges blockchain payments firm Ripple with conducting unregistered securities offering

The US Securities and Exchange Commission alleges that Ripple held an unregistered securities sale.

SEC Files $1.3 Billion Lawsuit against XRP Creator Ripple

As expected, the SEC has filed suit against Ripple, saying it violated federal securities laws in selling $1.3 billion in XRP over the past seven years in an "ongoing" sale.

SEC Sues Ripple Over 7-Year, $1.3B ‘Ongoing' XRP Sale

The Securities and Exchange Commission has filed a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen for conducting what the regulator alleged to be a $1.3 billion unregistered securities sale.  The post SEC files lawsuit against Ripple and two executives, alleging it sold $1.3 billion in unregistered securities appeared first on The Block.

SEC files lawsuit against Ripple and two executives, alleging it sold $1.3 billion in unregistered securities

Already, CrossTower, a small exchange that opened in June, is considering delisting the cryptocurrency.

An SEC Victory in Ripple Case Would Render XRP ‘Untradeable,' Market Pros Say

While the crypto market recovers from yesterday's crash, XRP continues to hurt.

SEC Suit Sinks XRP's Price While Rest of Crypto Market Recovers From Crash

The SEC has not confirmed the lawsuit, but the price of Ripple's XRP, the world's third-largest cryptocurrency, has tumbled more than 10% in the past 24 hours.

News for XRP Crypto (XRP)