Federal Court Rules XRP Sales on Exchanges Are Not Investment Contracts
A U.S. federal court ruled on Thursday that the sale of XRP tokens on exchanges and via algorithms does not constitute investment contracts. This decision has prompted major crypto exchanges to swiftly relist Ripple's token.
Key Developments:
- Coinbase announced plans to reactivate XRP trading, contingent on sufficient liquidity. Trading pairs (XRP-USD, XRP-USDT, XRP-EUR) will launch in phases.
- Gemini is evaluating XRP listings for spot and derivatives trading.
- Kraken enabled XRP trading for U.S. users shortly after the ruling.
- Bitstamp resumed XRP trading immediately, citing its historical leadership in XRP liquidity.
👉 Explore XRP trading opportunities on leading platforms.
Market Impact
XRP surged nearly 70% following the ruling, reaching its highest price since April 2022 (CoinMarketCap data). The SEC’s case against Ripple saw a partial victory for the crypto industry, with the court granting summary judgment on this key aspect.
FAQs
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’s future?
A: It clarifies that secondary market sales don’t qualify as securities transactions, bolstering XRP’s legitimacy.
Q: Which exchanges currently support XRP trading?
A: Kraken, Bitstamp, and soon Coinbase and Gemini (pending approvals).
👉 Stay updated on XRP developments with real-time market insights.
Background
Ripple holds a minority stake in Bitstamp. The SEC’s case continues on other allegations, but this ruling sets a precedent for how cryptocurrencies are classified in secondary markets.
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