• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Wednesday, November 29, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Coinbase Facing New Lawsuit in California Over Sale of XRP

1 January 2021
in XRP
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


The largest cryptocurrency exchange in the US is facing a lawsuit over its sale of the crypto asset XRP.

In a lawsuit filed in a federal court in San Francisco, California, plaintiff Thomas Sandoval alleges that Coinbase sold XRP despite knowing that the cryptocurrency is a security and not a commodity.

He is seeking damages for the commissions that the exchange collected from him and other Coinbase customers, reports Bloomberg.

“Until late this month Coinbase sold the XRP token, the value of which was entirely linked to the success or failure of Ripple Co. and the managerial efforts of its executives.

Indeed, Ripple Co.’s survival as a corporate entity depended on its sale of unlicensed XRP securities to the public to fund its business operations.”

In a statement released this week, Coinbase said it is suspending the trading of XRP as Ripple faces a lawsuit from the U.S. Securities and Exchange Commission (SEC) over its sale of the crypto asset. SEC claims that the payments processing firm, which owns the lion’s share of XRP, violated federal securities laws by selling the digital asset without registering it as a security.

“In light of the SEC’s lawsuit against Ripple Labs, Inc, we have made the decision to suspend the XRP trading pairs on our platform.

Trading will move into limit only starting December 28, 2020 at 2:30 PM PST, and will be fully suspended on Tuesday, January 19, 2021 at 10 a.m. Pacific Standard Time.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/d1sk

Related articles

Is XRP’s Price Being Manipulated? Shocking Claims Surface

Is XRP’s Price Being Manipulated? Shocking Claims Surface

29 November 2023
$134.8 Million in XRP Unveiled by Main Binance Competitor: Details

$134.8 Million in XRP Unveiled by Main Binance Competitor: Details

29 November 2023
Cryptohopper
ADVERTISEMENT





Source link

[crypto-donation-box]
Tags: CaliforniaCoinbaseFacingLawsuitSaleXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 1st, 2021

Next Post

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 2nd, 2021

Related Posts

Is XRP’s Price Being Manipulated? Shocking Claims Surface

Is XRP’s Price Being Manipulated? Shocking Claims Surface

29 November 2023
0

In a recent survey led by the pro-XRP crypto vlogger “Jungle Inc.,” the community has voiced concerns about the suspicion...

$134.8 Million in XRP Unveiled by Main Binance Competitor: Details

$134.8 Million in XRP Unveiled by Main Binance Competitor: Details

29 November 2023
0

Gamza Khanzadaev Major Binance competitor exposes massive 219 million XRP treasury in latest report Read U.TODAY on Google News In...

Whale Dumps 25 Mln XRP To Bitstamp As XRP Price Surges Above Support

Whale Dumps 25 Mln XRP To Bitstamp As XRP Price Surges Above Support

29 November 2023
0

The XRP cryptocurrency is gaining significant traction within the realm of cryptocurrencies as the token noted another colossal whale movement...

XRP Now Braced For A Huge Multi-Trillion Wall Street Earthquake: Forbes

XRP Now Braced For A Huge Multi-Trillion Wall Street Earthquake: Forbes

29 November 2023
0

In a recent Forbes publication from Forbes contributor Billy Bambrough, the crypto market is said to be bracing for a...

Bitrue Latest XRP Moon Hint Sparks Speculation

Bitrue Latest XRP Moon Hint Sparks Speculation

29 November 2023
0

The prominent pro-XRP exchange Bitrue has sparked spirited discussions on the next course of action for XRP amid the digital...

Load More
Next Post

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 2nd, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Cristiano Ronaldo hit with $1 billion lawsuit over Binance NFTs
  • Hashgraph Application Studio Marks New Era in dApps Development with Community Growth and AI Integration
  • BNB Chain’s opBNB Developers Target 10,000 TPS in New Roadmap

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.51-4.18%
  • bitcoinBitcoin(BTC)$37,838.000.76%
  • ethereumEthereum(ETH)$2,032.58-0.30%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$227.54-1.13%
  • rippleXRP(XRP)$0.61-0.12%
  • solanaSolana(SOL)$60.077.15%
  • usd-coinUSDC(USDC)$1.00-0.08%
  • staked-etherLido Staked Ether(STETH)$2,032.98-0.30%
  • cardanoCardano(ADA)$0.379886-0.26%
  • dogecoinDogecoin(DOGE)$0.0803100.38%
  • tronTRON(TRX)$0.1035980.74%
  • ToncoinToncoin(TON)$2.43-0.73%
  • chainlinkChainlink(LINK)$14.581.37%
  • avalanche-2Avalanche(AVAX)$21.214.18%
  • matic-networkPolygon(MATIC)$0.751.56%
  • polkadotPolkadot(DOT)$5.230.17%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$37,800.000.89%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • daiDai(DAI)$1.00-0.06%
  • litecoinLitecoin(LTC)$69.620.80%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.54%
  • uniswapUniswap(UNI)$6.08-2.25%
  • bitcoin-cashBitcoin Cash(BCH)$223.000.34%
  • leo-tokenLEO Token(LEO)$3.930.95%
  • okbOKB(OKB)$55.69-0.74%
  • stellarStellar(XLM)$0.1184050.66%
  • true-usdTrueUSD(TUSD)$1.000.07%
  • moneroMonero(XMR)$166.13-0.17%
  • KaspaKaspa(KAS)$0.128873-2.73%
  • ethereum-classicEthereum Classic(ETC)$18.68-0.35%
  • cosmosCosmos Hub(ATOM)$9.12-0.07%
  • crypto-com-chainCronos(CRO)$0.091448-1.99%
  • filecoinFilecoin(FIL)$4.44-1.31%
  • internet-computerInternet Computer(ICP)$4.520.72%
  • hedera-hashgraphHedera(HBAR)$0.060128-0.62%
  • lido-daoLido DAO(LDO)$2.26-3.16%
  • AptosAptos(APT)$6.94-0.01%
  • thorchainTHORChain(RUNE)$6.329.41%
  • nearNEAR Protocol(NEAR)$1.811.14%
  • binance-usdBUSD(BUSD)$1.00-0.10%
  • MantleMantle(MNT)$0.52-2.22%
  • immutable-xImmutable(IMX)$1.27-3.54%
  • vechainVeChain(VET)$0.0215861.12%
  • BittensorBittensor(TAO)$267.2512.86%
  • optimismOptimism(OP)$1.67-3.35%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • quant-networkQuant(QNT)$98.53-0.46%
  • aaveAave(AAVE)$96.752.04%
  • makerMaker(MKR)$1,524.942.94%