Ripple and the SEC entered a new phase with the final hearing of the LBRY vs SEC case on January 30th. During the hearing, the Judge made it clear that digital assets traded on secondary markets are not securities. With the decision, sentiment for the Ripple and SEC lawsuit remains positive, with the expectation of a similar decision to be produced soon. As a result, the XRP token can also benefit from this decision.
When the SEC filed charges against Ripple for illegal sale of XRP, all US-based exchanges delisted the token. This did not affect the rise of the XRP price, but its adoption was rather limited. However, the company has fought vigorously against all allegations and is trying to end the case in their favour.
Coinbase May List XRP Token!
besides LBRY XRPAs the feeling that .
Coinbase should relist $XRP.
NEWS CONTINUES BELOWUnder the SEC vs LBRY standard, $XRP left by secondary holders is not a security.
— LBRY 🚀 (@LBRYcom) February 1, 2023
NEWS CONTINUES BELOW
USA’s leading stock market coinbase also delisted the XRP token a while ago. However, it should be underlined that there is no legal pressure since this delist decision was made entirely at the request of the stock market. Therefore, the exchange may re-list the token in line with the expectations of investors and shareholders. As it will be remembered, recently, the Flare token drop could not be delivered to Coinbase investors due to the delist.
If the exchange decides to list Ripple’s native token, it is likely to have a positive impact on both the token and the cryptocurrency market.