Ripple and two other executives are in trouble with SEC

[arabianhorse]

Bitwise 10 Crypto Index Fund (OTCQX: BITW) Has Liquidated Its Position in XRP and many exchanges suspending XRP trade creating more panic in XRP and overall market.
The Bitwise 10 Crypto Index Fund does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws.

[lionheart78]

This action of SEC on Ripple is sure has a huge impact on its market. Actually, I was surprised when I saw the price of XRP plummet and seems this case by SEC is the reason why many had liquidated their holdings.  It will be a no surprise if XRP market suffers a huge damage if this case continues.  I hope they will resolve this as soon as possible or else it will be harder for the market to recover.

[PerfectCircle]

All other centralized projects must be prepared too, 2021 is going to be full of SEC interference, also centralized exchanges will have no stop non verified users from using their platforms, Im guessing that DeFi will have a stronger community soon, once centralized projects start facing regulations many will move

[Tash]

Huobi is now the forth exchange delisting Ripples illegal securites offering  (xrp) to avoid legal troubles.