Binance.US, Coinbase Under Pressure to Relist XRP Following SEC Suit

The crypto community calls for Binance and Coinbase to relist XRP.
The push gained traction, given the lawsuits against Binance and Coinbase.
Supporters argue that XRP should not be permanently excluded from trading.

The recent lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase have sparked a renewed push for the relisting of XRP, with prominent figures and crypto influencers urging the exchanges to reconsider their delisting decisions.

The call for relisting XRP gained traction when Coinbase CEO Brian Armstrong said the exchange would not shut down its staking service despite facing legal action from regulators. In response, Ben Armstrong, a well-known crypto influencer not related to the Coinbase CEO, tweeted, “Relist XRP Uncle Brian.”

Twitter user CryptoAssetsGuy echoed a similar sentiment by addressing Coinbase directly and questioning whether it would delist all the alleged securities mentioned in the Binance lawsuit, emphasizing the need for XRP to be relisted.

Hey @coinbase are you delisting all the alleged “securities” cited on the Binance lawsuit?
I don’t think so right?
Now more than ever you should relist $XRP
— Crypto Assets Guy (@cryptoassetsguy) June 5, 2023

Edward Farina, Head of Social Adoption at XRPHealthcare, went a step further, urging Binance US to relist XRP as an honorable act and rallying the crypto community to unite in saving the industry and defeating the SEC.

Farina’s plea was prompted by a comment by the CEO of Binance about whether the SEC chairman Gary Gensler reads the reservations from the American consumers he supposedly aims to protect.

BINANCE US SHOULD RELIST #XRP AS AN HONORABLE ACT
.
.
.
Let’s unite together to save the Crypto Industry and defeat the #SEC
— EDO FARINA 🅧 XRP (@edward_farina) June 5, 2023

Binance.US and Coinbase restricted deposit and trading of XRP pairs on their platforms in response to the SEC’s lawsuit against Ripple Labs, Inc in December 2021.

However, Binance and Coinbase are now facing mounting pressure from the crypto community to reevaluate their decisions, given that the latest lawsuit against them tagged dozens of other coins currently trading on their platforms as securities.

The calls for relisting highlight the growing dissatisfaction among XRP supporters who believe the token should not be permanently excluded from trading.

Source: https://coinedition.com/binance-us-coinbase-under-pressure-to-relist-xrp-following-sec-suit/