Ripple's XRP Sales Soar to $336M in Q1, Coinbase SEC Litigation

Ripple's XRP sales in Q1 2021 totaled over $361 million, up from $226.31 million in the previous quarter. The sales were part of Ripple's on-demand liquidity product that allows clients to transfer funds globally without the need for correspondent banking relationships.
Coinbase submitted a response to the SEC's Wells notice after the agency issued it with one. Coinbase CEO and CLO want clear market structure for trading crypto securities and urged the SEC to provide clarity and stability to the crypto industry for consumers and investors. Coinbase sued the SEC to get clarity on its approach to crypto regulation and to compel the SEC to release its response to a petition from last year.

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