Ripple vs SEC lawsuit has become more fascinating after the latest hearing of the LBRY vs SEC lawsuit on January 30. During the hearing, the Judge made it clear that digital assets traded in the secondary markets are not securities. With the judgment, the sentiments for the Ripple vs SEC case have been coiling up with an expectation of a similar judgment to be produced soon.
A couple of years before, when SEC framed charges against Ripple on charges of illegal sale of XRP, all the US-based exchanges had delisted. Meanwhile, this did not impact the XRP price to rise but the adoption remained restricted. However, the company stood strong fighting all the allegations and bringing the case close to its closure.
Furthermore, now that LBRY and XRP are not considered securities, there is a strong push to relist the XRP token.
Coinbase should relist $XRP.
Under the SEC vs LBRY standard, $XRP sold by secondary holders is not a security.
— LBRY 🚀 (@LBRYcom) February 1, 2023
It has to be noted that, Coinbase was never forced to delist XRP, but it choose to delist on there own out of fear of the SEC. Now that Coinbase shareholders & investors deserve to trade XRP, it’s time for the platform to make a stand. Moreover, US traders are also deprived of the recent Flare token airdrop.
Coinbase exchange has been one of the most popular crypto exchanges of all time and a positive step towards relisting XRP may not only uplift the token’s price but the entire crypto space.
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Sahana Vibhute
A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.
