Cryptocurrency platform Gatehub has announced support for the XRP token until a final decision is made on the US Securities and Exchange Commission (SEC) lawsuit.
The platform said the decision to continue listing XRP was made after a “thorough examination” of the SEC’s claims against Ripple. According to the company, the token is not a “security”, and its value is based on its use in payments.
“We also have not personally witnessed any inappropriate market behavior on the part of Ripple Labs or its management,” noted in Gatehub.
In December 2020, the SEC filed a lawsuit against Ripple, CEO of Brad Garlinghouse and co-founder Chris Larsen. According to the department, for seven years the company has been selling unregistered securities in the form of tokens and raised $ 1.3 billion during this period.
Previously, the Bitstamp, Binance US, Galaxy Digital and Jump Trading exchanges stopped supporting XRP. OKCoin and Coinbase announced the halt of token trading.
In January, eToro, a crypto-friendly investment platform, required US clients to close their XRP positions.
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