The SEC verdict on whether Ripple’s XRP is actually a security or not is approaching fast. According to the SEC, neither Bitcoin nor Ethereum is a security. This decision by the SEC authorities has got the digital currency's fans hopeful that the SEC will take a similar stand for the third largest cryptocurrency. The past week has been a tough one for Ripple’s XRP, the coin was snubbed yet again by Coinbase.Source
The irate XRP community did not take this snub very well. One of them, an XRP investor called Pete Dakin claimed that the exchange could possibly be abusing its market power. Furthermore, he appealed to the Financial Industry Regulatory Authority (FINRA) to investigate Coinbase for possible price manipulation. Surprisingly enough, FINRA replied to Dakin’s tweet saying, “Thank you for bringing this to our attention.”
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