I heard that news. I wonder what will happen to XRP later because I think some exchanges stop the trade for XRP. But maybe it is just temporary until the problem can be solved so that XRP can be traded as usual. If it's not, it will be hard for XRP to rise and make another good time in the altcoin season. I think people are worried about waiting for the next update that will come.
Temporary and only US base exchange do that . As investors you should not be so much afraid about the FUD given even it's from SEC there already project that been sued before so its not the first time . XRP also planed to migrate in other countries and they have office already in other country so it's easy for them to migrate if ever the case will not be in favor in them . The real problem here is the partnership if they will also abandoned XRP and move to other coins instead.
Once SEC are into you, there's no way out. Monero was one of the coin that was taken into consideration by the SEC and it's still not available to trade for US investors. Now it's time for ripple. Though US is not the largest market and exchanges are not the only way to trade crypto. But the US ban would have much more significant effect on Ripple than on Monero as the userbase of both the coins are different. Monero was already used avoiding popular exchange while Ripple is highly depended on centralized exchange.