XRP, which was once among the largest cryptocurrencies by total market value, lost a significant portion of its value due to the securities lawsuit filed.
Securities lawsuit against Ripple of XRP It was emphasized that it is directly controlled by the company, and as the lawsuit continues, many cryptocurrency exchanges delisted XRP due to regulatory issues. Now, this seems to happen to two more cryptocurrencies.
TRX and ADA are in trouble!
eToro, one of the leading cryptocurrency exchanges in the USA, emphasized that it will delist Cardano and Tron due to regulatory problems in a last-minute statement released yesterday.
From December 26, users within the US will no longer be able to trade ADA and TRX. After December 31, the staking service will be stopped. In the statement made by eToro, it was emphasized that the negative business environment created by the regulations was the main reason for doing this.
US users will be able to receive their final staking rewards on January 15, 2022. The exchange stated that users will not be forced to change their current positions.
This situation has actually been brought up for days and it is known that other companies control other cryptocurrencies just like Ripple controls XRP. IOHK controls ADA, almost similar to Ripple, while Justin Sun controls TRX as he wishes. The participation of other exchanges in eToro could bring a very sharp drop for the two cryptocurrencies.