Thu, April 25

XRP Army Demands Relisting of XRP on Coinbase Amid SEC Clash

google-news
Ripple Demands Regulator Documents Despite SEC's Confidentiality Claims Altcoin News
  • Armstrong’s subsequent remarks have rekindled suspicions among the XRP Army.
  • The SEC threatened to prosecute the publicly listed business for its unreleased Lend product.

Coinbase CEO Brian Armstrong has backed Ripple in its legal fight with the SEC. However, Armstrong’s subsequent remarks have rekindled suspicions among the XRP Army that the top crypto exchange may soon reinstate XRP trading.

Armstrong tweeted on October 26 that the current struggle between Ripple and the SEC appeared to be “going better than expected”. According to the CEO, attacking the crypto industry and thereby damaging customers is politically unpopular and is something the regulator has realized. 

Regulators have recently targeted Coinbase. In September, the SEC threatened to prosecute the publicly listed business for its unreleased Lend product. After accusing the SEC of acting unfairly and creating an unfair market, CEO Armstrong tweeted that several crypto firms had sold identical products for years.

Despite the SEC’s pressure, Coinbase has said that it would battle the SEC in Public Square. It seems Coinbase and its CEO are planning a relisting of XRP, pending an SEC settlement. To quote Mark Twain, news of XRP’s demise seem to be overblown. In the SEC’s case, death by a thousand papercuts still hangs in the balance.

XRP Army’s Support

The XRP community has informed Coinbase that the XRP Lawsuit may follow. People are pushing to Relist XRP on Coinbase if the trading platform does not want to face the dishonest SEC alone. Recently there was a tweet from a popular analyst Watcher.guru who tweeted:

 “Coinbase needs to relist $XRP !!!”

In the midst of the SEC fight, this movement is being followed with a lot of support for XRP. Ensued by a formidable regulator, XRP has held up well. Indeed, a billionaire analyst recently noted that XRP’s value had almost quadrupled since the SEC filed suit.

The relisting has not been officially announced by Coinbase, and their website continues to have difficulties with the XRP listing.

Recommended for You

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.

Related posts

CFAT and Blockchain Association Sue U.S SEC Over Dealer Definition

CFAT and Blockchain Association Sue U.S SEC Over Dealer Definition

A lawsuit has been filed against the U.S SEC by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). An expanded definition of a “dealer” in the context of digital assets is the target of the lawsuit, which challenges a recent regulation. The challenge seeks to reverse this

April 24, 2024 1 min read
SEC Fines $5.2B in Penalties on Terraform Labs and Co-Founder Do Kwon

SEC Fines $5.2B in Penalties on Terraform Labs and Co-Founder Do Kwon

In light of a recent civil case ruling, Terraform Labs and its co-founder, Do Kwon, are facing the prospect of heavy financial penalties from the U.S SEC. A filing made on April 19 in the U.S. District Court of New York in the Southern District of New York states that

April 23, 2024 1 min read
Lawsuit Challenges SEC's CAT System Over Data Privacy and Legal Grounds

Lawsuit Challenges SEC’s CAT System Over Data Privacy and Legal Grounds

On April 16, 2024, a lawsuit was filed against the United States Securities and Exchange Commission (SEC) in relation to the Consolidated Audit Trail (CAT), a system that was put in place to collect comprehensive transaction data from U.S. exchanges. The National Center for Public Policy Research and investors are

April 17, 2024 2 mins read
© Copyright 2024All rights Reserved | TheNewsCrypto