The Ripple vs. SEC lawsuit has become interesting after the latest LBRY vs. SEC lawsuit hearing on Jan. 30. During the hearing, the Judge said digital assets traded in secondary markets are not securities.
Amid all this, LBRY tweeted on Feb. 2 that Coinbase should relist XRP, citing that XRP is not a security as seen in the SEV vs. LBRY case. While the tweet received considerable support, Twitteratti were quick to react to this and shared all kinds of ideas:
XRP at crossroads
XRP, the sixth largest cryptocurrency by market capitalization, was delisted from several popular exchanges due to regulatory concerns. However, in recent months, it has been at the center of a heated debate regarding its relisting on exchanges.
This decision has been met with both criticism and support from the crypto community.
Supporters of XRP argue that the delisting of the token was unjustified, and that it has unfairly been targeted due to the legal challenges facing its parent company, Ripple.
On the other hand, critics of the token argue that its delisting was necessary in order to protect users from potential financial and monetary risks.
At this point, the future of XRP is uncertain. While some exchanges have already delisted the token, other prominent exchanges, such as Binance have yet to decide.
This has left XRP holders in a state of limbo, as they are unable to trade their tokens on some of the world’s largest exchanges.
The decision of whether or not to relist XRP is up to the individual exchanges. Ultimately, the exchanges must weigh the potential risks and rewards of relisting XRP, and decide whether or not it is worth the potential legal and regulatory risks.