62 million XRP transferred by Coinbase Crypto Behemoth

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Yuri molchan

Largest US-based digital exchange transferred $ 38.4 million worth of XRP, but XRP trading still hasn’t resumed

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Coinbase Transfers 62 Million XRPSEC On Deadline To Offer Crypto Regulatory Plan

A tweet posted by the popular blockchain tracking account Whale Alert indicates that over the past twenty hours, the San-Francisco-based Coinbase exchange, which made a direct listing on the Nasdaq earlier this year, has moved a lot. amount of XRR.

Coinbase moves 62 million XRP

61,999,980 coins transferred by Coinbase equals $ 38,440,048 in fiat. The transaction was made between the internal wallets of the crypto trading company.

Image via Twitter

Earlier this year, in January, Coinbase suspended trading in XRP after the SEC regulator filed a lawsuit against Ripple for allegedly selling unregistered securities (as they referred to XRP) to investors. institutions since 2012 and have earned over $ 1.3 billion on that.

Also among the defendants in the case are the company’s top executives Bradly Garlinghouse (the chief executive) and Christopher Larsen (a co-founder and former CEO).

Coinbase has not yet resumed trading in XRP, however, it often makes large transfers of this cryptocurrency both internally and to external wallets.

It has also allowed its clients to continue to store, deposit and withdraw XRP.

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SEC has been given a deadline to come up with a plan to regulate crypto

As reported by U.Today earlier this week, US Senator Elizabeth Warren sent an official letter to SEC Chief Gary Gensler.

In the document, he said that highly opaque and volatile cryptocurrencies, with Bitcoin as the leader, pose increasing risks to consumers and financial markets.

Warren insisted that by July 28, the SEC provide him with an official response on its plan to create and implement cryptocurrency regulation.

Prior to that, Jack Dorsey, Bitcoin maximalist and CEO of Twitter, ditched Senator Warren on Twitter for his anti-Bitcoin Senate tirade that took place on June 9.

In the comments thread of the Whale Alert post, some users suggested that by July 28, XRP trading on Coinbase and other exchanges could resume when Gensler gave Warren what she wanted a plan to regulate. cryptocurrency industry.

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