Crypto.com, Coinbase, and OKCoin have decided to delist trading of XRP tokens in the next few weeks following a recent Securities and Exchange Commission complaint against Ripple Labs.
While the XRP itself may be a viable cryptocurrency, its adoption by major banks is linked closely to Ripple Labs which has been accused by outgoing SEC Chairman Jay Clayton of running a $1.3 billion unregistered offering.
The U.S. division of Israeli crypto exchange eToro and Binance US have also indicated that they will suspend trading.
The price of XRP rallied in late Thanksgiving to 76 cents before sinking to its current trading range between 20 and 25 cents.