If? I spoke the truth regarding brokers, did I not? You cannot buy crypto from a stock broker. (Grayscale and soon-to-be-competing trusts notwithstanding.)
Basically I went into (extreme) State the Obvious mode to answer what sounded like a newbie question. With which brokers can I buy XRP? Not exchanges, but brokers, as in Fidelity, Schwab, TDA, E*trade... That would be zero was my answer. I also pointed out that yes, XRP still is affected by the company that holds the most of it, Ripple, for the obvious reason that it holds the most of it--like 55%. But XRP is not a share of Ripple.
Why did the exchanges stop trading? I assume that is rhetorical. They made a business decision because of the SEC lawsuit. Smarter people than I can chime in on the merits of the lawsuit, but I doubt when the dust settles, that I will be a proud shareholder in Ripple. Maybe this case holds up and Ripple top brass have to pay a fine; and maybe that hits the price, if they have to liquidate some XRP to pay it.
The fact that they are fighting it in the manner that they are is also a business/legal decision. I don't look at these people as heroes, or us as rebels. I doubt that XRP is the rebel's coin of choice. (The lastest Last Week in Crypto from Cryto Casey reminded me of that.) But we want to cover our bases, depending on how things shake out with inflation, Central banks, the dollar as the reserve currency, the IMF and the future of money movement. (Have I left anything out?)
Business decisions brought about by legal action happen all the time. Think E Harmony adding a website for homosexuals. ?!? Uh... Okay.
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