The cryptocurrency landscape witnessed a pivotal moment as Ripple secured a major legal victory, clarifying the status of XRP. A U.S. federal judge ruled that XRP sales on exchanges do not constitute securities transactions, prompting leading exchanges like Coinbase and Gemini to relist the token.
Key Developments Post-Ruling
Exchange Relistings Gain Momentum
- Coinbase: Announced the re-enabling of XRP trading on its platform, with phased rollouts for XRP-USD, XRP-USDT, and XRP-EUR pairs once liquidity conditions are met.
👉 Explore XRP trading updates - Gemini: Listed XRP for spot and derivatives trading, signaling regulatory confidence.
- iTrustCapital: Relisted XRP for self-directed IRAs, citing enhanced legal clarity.
Ripple Leadership Responds
Brad Garlinghouse, Ripple’s CEO, hailed the ruling as a milestone for U.S. crypto innovation, stressing that XRP is "not a security." Stuart Alderoty, Ripple’s CLO, called for constructive dialogues on crypto regulation.
FAQ Section
Q: Why did exchanges delist XRP initially?
A: Due to the SEC’s lawsuit alleging XRP was an unregistered security.
Q: What does the court’s ruling mean for XRP?
A: It establishes that XRP traded on exchanges is not a security, offering regulatory clarity.
Q: How might this impact XRP’s price?
A: Increased exchange support could boost liquidity and demand, though market conditions remain variable.
Market Implications
The relisting trend underscores growing institutional confidence in XRP’s compliance status. Analysts note this could accelerate broader adoption of digital assets perceived as high-risk.
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Featured chart data sourced from TradingView.
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