Bitcoin continues trading below $24,000 as legal action by the SEC rattles the XRP market.
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
The SEC is accusing Ripple of violating federal securities laws via sales of the XRP cryptocurrency to retail consumers.
"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.
Bitcoin recovers from Monday’s small-scale market sell-off to nearly $24,000, and ether follows bitcoin’s positive trend.
As expected, the SEC has filed suit against Ripple, saying it violated federal securities laws in selling $1.3 billion in XRP over the past seven years.
Already, CrossTower, a small exchange that opened in June, has delisted the cryptocurrency.
"It’s an attack on the entire crypto industry and American innovation," Brad Garlinghouse said in a statement.
The appointment comes as U.S.-based Ripple is openly contemplating relocating its headquarters to another country, citing lack of regulatory clarity.
The Ripple exec was responding to a question asking whether a majority vote could force the destruction of XRP held in escrow.
XRP jumped 169% in November to top the performance rankings among digital assets in the CoinDesk 20, outperforming bitcoin and ether.
It is its first such sale of MoneyGram stock since the startup invested in the remittance giant in 2019.
The new title and logo suggest Ripple has another payments product in the works.
The blockchain company's new Middle East and North Africa headquarters will be within the DIFC financial hub.
Blockchain payments startup Ripple has joined an alliance comprising of almost 1,000 major U.S. companies and CEOs calling for calm and fairness in Tuesday's presidential election.