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 against Ripple Labs, 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 cryptocurrency exchange to take action on XRP in response to the SEC's lawsuit against Ripple.

See also: An SEC Victory in Ripple Case Would Render XRP ‘Untradeable,’ Market Pros Say

Read our ongoing coverage of the SEC's case against Ripple and its impact on the industry.
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