US Crypto Exchange Exec: No Legal Precedent To Not List XRP

Anvesh Reddy
June 3, 2023 Updated July 22, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
XRP Price ripple lawsuit News

Crypto Market News: One of the most popular demands in the crypto community is to relist XRP in US based crypto exchanges like Coinbase and Kraken. The exchanges had in the first place delisted the token from their platforms in response to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple over the unregistered sale of XRP. However, it is not proven yet that the XRP offerings were illegal in the SEC lawsuit. Hence, it is argued that the delisting of the token is unjust.

Also Read: Coinbase Derivatives Exchange To Launch BTC, ETH Futures On June 5

The Summary Judgement in the lawsuit is awaited from Judge Analisa Torres while June 13, 2023 is by when the Hinman speech documents are to be publicly released.

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XRP Delisting Has No Legal Precedent

In the context of Uphold being one of the rare US crypto exchanges to still offer XRP trade, Nancy Beaton, the Chief Revenue and Marketing Officer at the crypto exchange, said there was no legal precedent to follow when it comes to not listing the token. In the recent times, the XRP token holder community has also pushed the same argument while demanding that the exchange list the cryptocurrency on its platform. She added that Uphold would follow it if and when there is a legal precedent. However, she affirmed that there is no legal precedent currently and that they feel comfortable listing the token.

“We are highly regulated so we do take compliance incredibly serious at Uphold. And when we looked at what was happening and obviously there is a lawsuit out there, but when when we look at that and work with our legal counsel, there is no precedent yet. And for us it felt prudent to maintain listing the token.”

Earlier, CoinGape reported legal experts’ prediction of a timeline for the delivery of XRP lawsuit summary judgement. Read More to know the details

Also Read: Cardano Price Jumps 4% as it Hits New Transaction Milestone – Report

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.