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19 April 2021

Nexo Moves to Counter Claims of “Unlawful” XRP Liquidation

Nexo Moves to Counter Claims of “Unlawful” XRP Liquidation


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Crypto lending platform Nexo has taken action against what it calls misguided and unjustified claims against them after suspending XRP.

Nexo was among approximately 30 leading crypto businesses that ceased exchanging XRP after the SEC filed a lawsuit against Ripple Labs and its founders, claiming that the token is a security.

The crypto lending platform has now come out to claim that the action they took was because of the regulatory uncertainty as to XRP’s nature and was meant to protect its clients’ interests.

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