In a landmark development for the crypto industry, major exchanges including Coinbase, Kraken, Bitstamp, and Gemini have announced the relisting of XRP after Ripple’s decisive legal victory against the U.S. Securities and Exchange Commission (SEC). This move signals renewed confidence in XRP’s regulatory clarity and marks a pivotal shift in market sentiment.
Exchanges Reinstate XRP Trading Amid Regulatory Clarity
Coinbase Leads the Charge
Coinbase, the largest U.S. exchange, swiftly resumed XRP trading following the court ruling. CEO Brian Armstrong confirmed the decision via an official statement, emphasizing compliance with the updated legal framework:
“Coinbase will re-enable trading for XRP on the XRP network. Transfers for this asset remain available on Coinbase and Coinbase Exchange.”
This reversal comes after Coinbase delisted XRP in January 2021 due to regulatory uncertainty.
Kraken and Bitstamp Follow Suit
Kraken’s Chief Legal Officer, Marco Santori, announced the platform’s reinstatement of XRP trading for U.S. users, citing the court’s ruling that XRP is not a security. Similarly, Bitstamp—a longtime supporter of XRP—reaffirmed its commitment as a global liquidity hub for the token, relisting it for U.S. customers.
Ripple’s Legal Victory: Implications for the Crypto Market
Background of the SEC Lawsuit
The SEC’s lawsuit against Ripple alleged that the company’s sale and distribution of XRP constituted an unregistered securities offering. Ripple’s protracted legal battle culminated in a partial summary judgment by Judge Analisa Torres, who ruled that:
- Institutional sales of XRP qualified as securities transactions.
- Exchange-traded XRP did not meet the criteria of a security.
This distinction provides critical regulatory clarity for XRP and sets a precedent for other cryptocurrencies facing similar scrutiny.
Market Reactions
The ruling triggered a 75% price surge for XRP, with Coinbase’s stock also jumping 24%. The market’s bullish response underscores the importance of legal certainty for digital assets.
FAQs: XRP Relisting and Ripple’s Legal Win
1. Why did exchanges delist XRP initially?
Exchanges like Coinbase delisted XRP in 2021 due to the SEC’s lawsuit, which cast doubt on its regulatory status.
2. What changed to prompt the relisting?
Judge Torres’ ruling clarified that XRP traded on exchanges is not a security, reducing regulatory risks for platforms.
3. How does this impact XRP’s future?
The relisting and legal clarity could boost adoption, liquidity, and investor confidence in XRP.
👉 Stay updated on XRP’s market performance
4. Will other tokens benefit from this ruling?
Yes. The case sets a legal precedent for how regulators classify crypto assets traded on secondary markets.
Key Takeaways
- Major exchanges have relisted XRP, citing regulatory clarity.
- Ripple’s legal victory distinguishes between institutional sales and exchange-traded XRP.
- The ruling strengthens market confidence and could influence future crypto regulations.
For real-time insights on XRP’s price action, check out this exclusive analysis.
Chart data sourced from TradingView; featured image via iStock.