[gotem]

Wow. Does Coinbase plan to launch their coin and feel threatened? Seems like a anti-competitive move if so and weird timing with the IPO.

[mariocesar]

> Cryptocurrency exchange Coinbase Inc said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering.

It reads to be a good reason to suspend XRP trading

[gotem]

Sorry, missed that somehow. Still seems oddly suspicious that it coincides with Coinbase's IPO.

[liquidise]

I don't follow the logic here. Cryptos biggest battle (and thus Coinabse's battle by proxy) has been legitimacy. A listed coin coming under SEC ire and Coinbase banning said coin actively harms their IPO, not assists it.

[selectodude]

That they stopped trading a literal scam? The only suspicious part is they started trading it in the first place.

[mariocesar]

They are protecting themselves to Not being complicit, or better not to look complicit to the SEC.

[gotem]

Oh okay. That makes more sense. Still a bit weird that it's out of a sense of self preservation instead of caring that it was potentially immoral in the first place.

[Kalium]

This is the kind of thing a company does when something becomes a financial and legal liability.

[diogenescynic]

Maybe do a bit more research then.

[howlgarnish]

Ripple/XRP is under SEC investigation for selling an unregistered security, Coinbase has to stop trading or they'll be an accessory to the crime as well.