Bakkt, the crypto business arm of Intercontinental Exchange (ICE), has decided to delist a number of digital assets, including Stellar Lumens (XLM), which is a rival of Ripple's XRP. The exchange cited regulatory guidance and industry developments as the reasons for the mass delisting, which is part of the exchange's regular coin listing review process. However, the decision has been met with criticism from the Ripple and XRP community, with some members speculating that it may be an attempt to spread fear, uncertainty, and doubt (FUD) or that the exchange has received a warning from U.S. regulators. Recently, high-profile pro-XRP attorney John Deaton accused the SEC's leadership of corruption in their dealings with Ripple Labs.
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