- XRP community intensifies efforts to relist the cryptocurrency after Coinbase’s removal.
- The recent push has received backing from Coinbase’s CLO.
- A decision in the Ripple vs SEC probe is expected in two months.
The Ripple (XRP) community is reportedly stepping up efforts to have the cryptocurrency listed again on trading platforms after Coinbase pulled it off. This was allegedly due to the continuing legal conflict between Ripple Labs and the US Securities and Exchange Commission, as reported by familiar sources.
Despite more than two years of legal wrangling, XRP has yet to be recognized as a security, with community members pushing the hashtag ‘#relistXRP’ on Twitter to drum up support for its reinstatement. The community’s latest push has received a boost from Paul Grewal, Coinbase’s Chief Legal Officer, who has backed claims by attorney John Deaton that XRP is not a security.
Grewal supported Deaton’s assertions on Twitter by asserting that “investment contracts” must adhere to strict requirements that Congress and the Supreme Court have interpreted. Grewal asserts that secondary transactions of digital assets, including XRP, do not include “i…
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Source: https://coinedition.com/xrp-relisting-movement-gains-momentum-amid-delayed-sec-lawsuit/